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Buy-To-Let Is Possibly Dead - Stuart Law, Assetz


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HOLA441

2017...

I can't find any funky The-Big-Power-I-Am BTL Debate 2017 pics...

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#btldebate2017

 

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Paragon BTL Debate

1st March 2017

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...Following the introduction of the tax there was a dip in lending, although the market showed some signs of a recovery towards the end of the year.

The most recent figures from the Council of Mortgage Lenders show that the number of buy-to-let loans taken out fell from 117,500 in 2015 to 102,100 last year.
Heron said it was clear the increase in stamp duty was distorting the general housing market and the buy-to-let sector in particular.

“Although it might be welcomed by first-time buyers, it does make mobility in the housing market difficult, particularly for those that want to upsize their home.

In the buy-to-let market it has had a much more profound impact. Buy-to-let purchase transactions have fallen by 40% and there is no sign that they are going to increase in the near term.”

Jeff Prestridge, personal finance editor of the Mail on Sunday, said: “I think this is yet another attack by a Conservative government on people’s ability to build long-term wealth. We have that on pensions and we have now seen it on buy-to-let. There seems to be a contradiction within the Government and it disappoints me greatly.”

blah... blah

more http://www.mortgagefinancegazette.com/market-news/btl-market-already-seeing-changes-require-specialist-approach-lenders-paragon-btl-debate-01-03-2017/

Get over it JP.

Oh I see you're still pushing it...

Twitter....

ARLA's David Cox: We need to accept that some people will never be able to afford to buy their own homes 
#BTLdebate2017

jeff prestridge‏ @jeffprestridge  Mar 10
A tax assault on landlords. Jeff Prestridge in Financial Adviser. #BTLdebate2017  

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Jeff Prestridge March 9, 2017
 Learn to love landlords 

 

...It is a shame, therefore, to see that this government is making it more difficult for people to put themselves in a position where they can love later life.

It is doing this by steadily chipping away at our ability to build a portfolio of long-term investments that will see us through retirement.

....

A success story then; one we should be proud of as a nation. Financial empowerment and all that, while fulfilling an increasing need for rented accommodation. Something we should be encouraging more of.

But not this government. It has now got its claws into landlords and wants its pound (multi-million pound) of flesh, in the form of tax revenues. 

more... https://www.ftadviser.com/opinion/2017/03/09/learn-to-love-landlords/

 

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Kneel Before Zod
"You will bow down before me, Jor-El. I swear it! YOU WILL BOW DOWN BEFORE ME!  BOTH YOU, AND THEN ONE DAY, YOUR HEIRS!"
— General Zod, Superman

 

 

interesting more, including better context from what was widely reported about David Miles position

 https://www.lettingagenttoday.co.uk/breaking-news/2017/2/the-great-buy-to-let-debate--who-said-what

---

On 3/26/2016 at 1:29 PM, Bland Unsight said:

Even I had to look up who David Whittaker is. He's the MD of BTL and commercial mortgage broker called Mortgages for Business.

2017 DW:  

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Q: What will housing tenure look like in five years’ time?

We broadly agreed that the PRS will increase market share and homeownership will shrink further.

https://www.mortgagestrategy.co.uk/buy-let-watch-home-truths-uncomfortable/

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Family Building Soc‏ @FamilyBSoc  Feb 28
We're at the #BTLdebate2017 this morning and looking forward to hearing the discussions. Don't forget to come and say hello at our stand! 

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http://familybuildingsociety.co.uk/Mortgages/BuyToLet/BuyToLet-Home.aspx

 

Edited by Venger
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