Originally posted by sal
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Torygraph billionaire land owners launch a campaign we can all get behind...
Collapse
X
Collapse
-
-
Originally posted by sal View PostYour worked hard for the 20%ish or whatever is the down payment you made. Your tenants are working hard to pay the rest of the mortgage and interests, not you...What happens in General, stays in General.You know what they say about assumptions!Comment
-
Just ban BTL mortgages or make them require 50% LTV - you have to stump up the cash or borrow responsibly.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by d000hg View PostJust ban BTL mortgages or make them require 50% LTV - you have to stump up the cash or borrow responsibly.What happens in General, stays in General.You know what they say about assumptions!Comment
-
Originally posted by d000hg View PostJust ban BTL mortgages or make them require 50% LTV - you have to stump up the cash or borrow responsibly.
Home as homes - not - Homes as assetsComment
-
Originally posted by PurpleGorilla View PostGreat for the future, but today we need punitive measures to make BTL virtually unprofitable.
Home as homes - not - Homes as assetsIn Scooter we trustComment
-
Levels of homeownership are collapsing among young people but increasing among older people. In England, 66.5% of 25-34 year olds were homeowners in 1991 – a figure that dropped to 36% in 2013-14. Over the same period, the percentage of 65-74 year olds that own their own home has risen from 62.3% to 77.1%.
There is also an extraordinary gap between homeownership rates for different groups of people. Across Great Britain, lone parents or single people under pension age are least likely to own a home, while more than 80% of couples with no dependent children or over pension age are homeowners.
Rising house prices mean that net housing wealth in the UK has grown by £1.22 trillion (58 per cent) since 2003 – and more than a third of property-based wealth is held by households where the household reference person is 65 or older. This increase in wealth for older people has fuelled the growth of the buy-to-let market – with older households looking to supplement their pension income by buying more property, aided by access to interest-only mortgages which are denied to most first-time buyers.
This is creating a perfect storm, with older and already privileged homeowners buying more homes to rent out to those who are unable to compete in the housing market. In 2013-14 almost half (48%) of all households aged 25-34 in England were living in private rented homes – a proportion that has more than doubled from 21% in 2003-4. The trend looks set to continue, with some 1.5 million extra people aged 30 or under ‘pushed into renting’ by 2020.
And the problem is not just about access to homeownership - after housing costs are taken into account, rates of absolute poverty are rising for working age people, both with and without children. As the Social Mobility and Child Poverty Commission has pointed out, during 2010 to 2015 rising rents and mortgage costs have pulled an extra 1.4 million children into relative poverty.
CIH interim chief executive Gavin Smart said successive governments have failed to put in place a joined-up, long-term strategy to tackle the housing crisis. The review makes the case for a fundamental review of housing policy. It calls for co-ordinated, sustained action over at least a decade – including putting targets and incentives in place for new house building of all tenures (ownership, shared ownership, private rent and social rent).
Gavin Smart said: “The UK Housing Review is a stark demonstration of the divides that housing is opening up in our society. For decades, we have failed to build enough new homes to keep up with our growing population, and the gap between the haves and have nots is getting bigger all the time. For many young people, a home of their own is a distant dream – and in the meantime they find themselves renting in a sector where, in many places, rents are equally unaffordable.
“People on low incomes are being dragged into poverty because rents and mortgage costs are rising, wages are failing to keep pace and benefits are being cut through welfare reform.”
Mr Smart added that the government should take a more active role in boosting housing supply, and ahead of the general election in May called on all political parties to accept the scale of the problem and commit to tackling it within a generation.
He said: “Making housing more affordable means building more homes of all tenures – for ownership, shared ownership, private rent and social rent. To do this we need political will, commitment and leadership. We want all political parties to commit to ending the housing crisis within a generation.”
http://www.cih.org/news-article/disp...housing_marketComment
-
Originally posted by PurpleGorilla View PostCtrl-C Ctrl-VWhat happens in General, stays in General.You know what they say about assumptions!Comment
-
-
For decades, we have failed to build enough new homes to keep up with our growing populationComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment