Friday, Sep 25, 2015

Bank concerned it will be Boom and Bust again

BBC: Bank of England concerns over buy-to-let boom

Most of the growth in mortgage lending has been for BTL. BoE is concerned that there will be a stampede of Landlords to sell if / when prices stop rising.
Personally I think one of the biggest problems in the housing market is BTL mortgages. The first time I ever saw them mentioned was when I sold my house in 1999.

Posted by tenyearstogetmymoneyback @ 05:45 PM (3715 views)
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2 Comments

1. clockslinger said...

Thank f**k the BoE are on it otherwise housing could become unaffordable!

Friday, September 25, 2015 06:14PM Report Comment
 

2. clockslinger said...

"The amount that landlords will be able to claim will be set at the basic rate of tax, which is currently 20%. The change will be introduced over four years from April 2017" So this is radical? Plenty of time to pay down/ease out if you are a BTL lanlord then.
It's the CONSERVATIVE party and their supporters who are the BTL landlords, ffs!

Friday, September 25, 2015 06:25PM Report Comment
 

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