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Laura

New Fines For Property Owners & Mortgage Holders

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The govt. are considering a fine system for home owners who are careless & allow their property to depreciate in value.

"This problem has to be addressed soon so we are taking firm & rapid action.

It is a serious problem & is causing instability through a lack of confidence.

We are still in the early stages but we think that a fine will be levied whenever a property is sold at less than its previous price, though applying a fine at the valuation stage has not been ruled out.

The govt is very clear on this issue & is determined to stamp out this unhealthy trend & it is obvious that recidivist home buyers & owners are to blame".

Edited by Laura

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The govt. are considering a fine system for home owners who are careless & allow their property to depreciate in value.

Light touch paper and retire. :lol:

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The govt. are considering a fine system for home owners who are careless & allow their property to depreciate in value.

Source?

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The govt. are considering a fine system for home owners who are careless & allow their property to depreciate in value.
Jolly good idea. I'm sure Sibley, Hamish, and all, will approve. And it will give more income to the government which they can use for QE and bailouts. Excellent!

:D

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The govt. are considering a fine system for home owners who are careless & allow their property to depreciate in value.

I read that they were going further than this, to incentivise prospective sellers:

“Where a property is sold for more than 10% above the previous sale price (over a 6 month period), a windfall payment will be made of £5000, or an increase in tax allowance made.â€

The Government intend to create a new ‘Renters Tax’ to fund the proposal, further increasing the demand for property.

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A spokeswoman for RICS stated that the proposals are likely to become law from April 2010, putting further pressure on surveyors and other professionals involved in the property business. She welcomed the move, and added that it was high time the government stepped in and did the right thing.
Edited by Von Moses

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Why not just allow the govt to set property values then they can always go up.

We can then have politicians goading voters with promises of increasing there property values 15% YoY whilst the other lot are only promising 10%.

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Why not just allow the govt to set property values then they can always go up.

We can then have politicians goading voters with promises of increasing there property values 15% YoY whilst the other lot are only promising 10%.

The irony of this is that at lest it would be a transparent policy. We would all know where we stand, and it’s not so far from the truth anyway!

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Why not just allow the govt to set property values then they can always go up.

We can then have politicians goading voters with promises of increasing there property values 15% YoY whilst the other lot are only promising 10%.

Dont't forget that everyone will have an above average standard of liveing as well.

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I read that they were going further than this, to incentivise prospective sellers:

The Government intend to create a new ‘Renters Tax’ to fund the proposal, further increasing the demand for property.

Now, this is the expert part to the plan. Imagine being so poor that you cannot buy a home! Obviously the sign of a stupid person and they should be taxed accordingly.

Oh, and whilst they are at it they should be taxing single people as much as possible so that they can never afford their own place, after all, it would be the 'right thing to do'

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