Monday, Nov 30, 2015

Just to annoy the landlords more

Government: Help to Buy

Listening to Wave 105 while driving to and from work I keep hearing adverts for this.
Personally I think this and the landlord stamp duty increases are a very shrewd attempt to repeat the popularity Thatcher gained with selling council houses off cheaply. For each landlord vote they loose they could gain ten votes from people who think the Government is finally on their side.
What next. Right to buy for private tenants ?

Posted by tenyearstogetmymoneyback @ 11:40 PM (4338 views)
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1. icarus said...

What a state of affairs when 'hard-working people' need 'help to buy'.

Tuesday, December 1, 2015 01:25PM Report Comment

2. mombers said...

Lose landlords votes to whom exactly?

Tuesday, December 1, 2015 01:29PM Report Comment

3. tenyearstogetmymoneyback said...

mombers said...Lose landlords votes to whom exactly?

I can imagine a lot of them saying that they can't afford the petrol to drive their Merc to the polling station.

Maybe a few ex Northern Rock execs could stand for the Monster Raving Looney Party with a promise of introducing 125% BTL mortgages :-)

Tuesday, December 1, 2015 07:34PM Report Comment

4. libertas said...

Yes, but right to buy from landlords would work fine for them also, so long as the landlords do not have to pay capital gains on the sale, which would be reasonable given that it is a forced sale. At this point, Landlords may seek their tenants to buy their property to dispose of obligations to maintain plus as a tax dodge. So everybody can be happy with this. Indeed, such a change would cause landlords to only sell to those they rent to, causing people to seek rental homes they want to live in as a route to purchase. Either way, this would be far more preferable to rent controls that would reduce supply. So long as landlords can still profit, they will continue to buy home.

Tuesday, December 1, 2015 08:27PM Report Comment

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