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Debate House Prices


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Starter homes being bought by BTL LLs

24567…14

Comments

  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Mr._Pricklepants wrote: »
    I do.

    Therefore I think Turnbull's suggestion of providing high LTV's mortgage's to FTB backed by a state guarantee or whatever is a good one.

    We currently have ridiculously low rates for low LTV lending and that should be extended to FTB's, especially low risk, dual income ones with a good credit file.

    Look shorty, you either give FTB's a chance or you'll have the BTL LL's snapping them up, what do YOU prefer?

    You know what is preferable prickypants and that is lower house prices so a) FTB's won't need such big deposits and b) they won't need such large mortgages.
    Why are we here?......................because we are not all there.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Mr._Pricklepants wrote: »
    I do.

    Same as HMTs.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    shortchanged wrote: »
    You know what is preferable prickypants and that is lower house prices so a) FTB's won't need such big deposits and b) they won't need such large mortgages.

    Sounds so easy.

    How can you make this happen and what will be the consequences?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Mr._Pricklepants wrote: »
    I do.

    Therefore I think Turnbull's suggestion of providing high LTV's mortgage's to FTB backed by a state guarantee or whatever is a good one.

    Why should the tax payer have to keep bailing out the private sector.

    We are all suffering already because of the measures put in place to keep the thing going as it is.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    grizzly1911 wrote: »
    Same as HMTs.

    Sorry, what's an HMT, grizzly?
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    IveSeenTheLight wrote: »
    Sounds so easy.

    How can you make this happen and what will be the consequences?

    Could start by removing some of the advantage that BTL'ers have over FTB's by removing the tax relief on interest payments.
    Why are we here?......................because we are not all there.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Mr._Pricklepants wrote: »
    Sorry, what's an HMT, grizzly?


    I ask my self the same question.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    shortchanged wrote: »
    How would they fare with future interest rate rises considering their initial capital outlay is likely to be very high?


    Ermm same as we all did back in the day when rates went up and down and often around 8%.
  • ILW
    ILW Posts: 18,333 Forumite
    shortchanged wrote: »
    Could start by removing some of the advantage that BTL'ers have over FTB's by removing the tax relief on interest payments.

    So BTL would be treated diffently to any other business in the UK?
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    ILW wrote: »
    So BTL would be treated diffently to any other business in the UK?

    Yes. Because of the nature of the housing market i.e they are places to live, someone is getting an unfair advantage over a competitor.
    Why are we here?......................because we are not all there.
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