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Showing results for tags 'Clause 24'.
Very speculative thread. Not so much counting chickens before they've hatched as speculating on the mechanics of their demise whilst it conjectured, but before it arrives. Some thoughts from a conversation. We assume the following: At some point between 2016 and 2020 BCBS risk-weights start to widen the difference between mortgage interest rates on interest-only buy-to-let mortgages and rates on repayment mortgages offered to owner-occupiers, i.e. BTL mortgage rates go up Over the same time scale, Clause 24 of the Finance Act 2015 is applied in its current form turning cash flows on leverage
There are some notices of amendments to the finance bill by David Gauke For clause 24, I think they are just tidying up the language and in no way detract from the aim of the clause as previously published But, if anyone with a better understanding spots anything significant... http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0057/amend/pbc0570810a.1-7.html