Saturday, December 22, 2007
And now let us cheer up with festive news!!! BTL is dead!
"One of the biggest pressures on surveyors currently is on rental value. We get hundreds of calls a week from buy-to-let investors who want to push rental figures as high as they will go. But surveyors have a responsibility and a duty to the lender to give realistic advice." P.doff, where are you? can you please comment to the role of surveyor in this BTL craze. Similar to the role of equity analysts in the dot-com bubble. "the perfect storm would be if legislation were to affect the offset of interest payments on a loan against tax. More than a quarter BTLs would offload significant parts of their portfolios." Well, well, well... Alistair Darling sure will need some cash going forward... less City taxes, less oil taxes...AHAHHAHHAHA