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Worried about this, as i want to get into BTL & make LOTS of ££££'s
Comments
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Aberdeenangarse wrote: »Turnbull you really are a retard, it's no wonder your sister wants to boot you out.
Oh dear - This seems to have really got the bears riled
Never mind chaps, another crash is due in 15 years. Hold on til then!0 -
Turnbull2000 wrote: »Don't fret OP. It'll not happen here. The property and BTL market is considered way too important by the government. The lenders, BTL groups and developers have the ears of the government, and they'll be screaming into them every day until this is inevitability blocked.
As I stated before Turnbull, the UK government may have no say on the matter.0 -
There are people out there (me) with BTL that could easily be financed without rental income being involved. Yes it would keep some people out but surely there'd be a heck of a lot left over.
ZC0 -
http://www.priestproperties.com/BLOG/eus-mortgage-directive-could-exempt-buy-to-let-mortgages.html
Apparently the Council of Mortgage Lenders has seen new amendments to the EU’s mortgage directive which could exempt buy to let mortgages. The European Parliament’s Internal Markets and Consumer Protection committee recently published its report on the proposals, and agrees with the CML that the regulations should not be uniform right across different consumer groups and products.
In its latest News and Views publication the CML says: “The UK believes it is inappropriate to regulate Buy-to-let under rules designed to protect consumers, and we understand that amendments have now been laid that would exempt this type of lending from regulation under the directive.”
http://www.mortgageintroducer.com/mortgages/241484/238/Buy-to-let/CML:_Buy-to-let_exempt_from_EU_regulation.htmChuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Yup, thought so.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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They are bricking it on this website.:rotfl:
Lisa Orme "This is THE single biggest threat you face as a landlord bar none! Speak to your MPs and write to Grant Shapps."
3,000 views and 100 odd comments
http://propertytribes.ning.com/forum/topics/the-biggest-threat-to-buy-to-let-yet:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Then I'm sure they'll be relieved that it isn't happening.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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shortchanged wrote: »This sounds like a fantastic piece of legislation coming from the EU for a change. About time to. The UK housing rental market needs to be reigned in.
I quite agree.
Seems like the powers that be really don't want a repeat of the last bubble. Who would have thunk it.0
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