kilroy

The report is written in the same way as her numerous emails to MPs/treasury officials/shelter etc I.e. In a way that ensures that no-one would want to read past the first paragraph or so.

It's almost like a super targetted land value tax akin and to HMRC saying "you're a leveraged landlord thus you'll become a higher rate tax payer)

Also, section 5 seems to say that SME supporting factor does not apply to loans on residential property used to "support a buy to let business"

3.3b is a killer if the lender chooses to implement...basically a lender has to take into consideration the mortgage interest relief tax liability on a landlord's whole portfolio if he has over 4 properties.

Also, they are quoting rent rises over a period when Ireland adopted the EUR. I seem to recall double digit inflation or so around the period as everyone rounded up their prices when repricing from punt to eur

Just increase the tolls, innit....

So the immediate post-brexit surge was probably to do with everyone bringing forward purchases before the weakened sterling level was reflected in higher prices for imports? Who'd have thunk it!?

Also, it appears that there are anti forestalling measures implemented from March 2016, thus could be that even if Mark is getting rid of them prior to the rule coming in, he could still be stung.....

Could this be the final nail in the BTL coffin......? Capital gains on BTL disposal to be treated as income for tax purposes!? https://www.property118.com/capital-gains-on-btl-to-be-taxed-as-income/89928/ I haven't verified if true or not though

http://www.telegraph.co.uk/personal-banking/mortgages/another-lender-clamps-down-on-landlords---but-could-brexit-rescu/ It seems the answer is "yes", and I was expecting the reasoning to be that a new chancellor may repeal Clause 24 and additional stamp duty.... Edit: just to clarify, I don't believe it, but thought it was a hilarious piece, especially imagining epxpectant look on a 118er's face become one of terror as they realise that it won't save their leveraged @rses.

has anyone told busta yet?

http://www.ft.com/cms/s/0/5afcbee0-f67b-11e5-803c-d27c7117d132.html#axzz44OYaRWe2 google "UK property funds see biggest outflows since 2008" to get around fire wall.

Maybe he's happy because he will not have to pay CGT in Malta (or indeed in the UK as there won't be any capital gains....!)

True. The 125% thing is something that the lenders do themselves for risk management. It could be that the 25% of the "125%" was the lenders' way of accounting for tax/management/voids etc which seems way outdated now. HOwever, I do believe that lenders will have a hard time justifying anything less than 100% interest coverage, which would still put required gross yields in double figures.

6.9% is just 5.5% * 1.25. However it looks like this is to include the running costs and tax thus is the hurdle for the net yield, as opposed to gross. When you consider the removal of interest relief, I am guessing you need double digit gross yields to even be considered for a BTL mortgage.....