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crazypabs

City AM 'New Stamp Duty Rules Annihilated Buy-To-Let Mortgage Borrowing in January'

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That first article is lovely news, really very cheering. The headline says 16% down on year to January, from the figures that follow it's a fall of about 45% Jan 2016 cf Jan 2017. That's amazing, marvellous.

This is awful: "Remortgage activity surged on the month and the year, as we are seeing more and more parents on the ground looking to release equity in their homes, to support increasing numbers of young people who are leaning on their parents for support to get onto the property ladder". How can anyone do that to their mum and dad? Again, it's that thing about the 50 grand deposit or whatever being regarded as nothing at all, something that should just materialise from nowhere. Are they completely out of touch with what money is are am I/are we?

edit: is my percentage there way out? I hope it's not a btl-landlord style percentage, looked about right to me but didn't get me calculator out...

Edited by North London Rent Girl
percentage query

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