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Bishop Bashes Boomers
Comments
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grizzly1911 wrote: »Do you feel it would be a good idea if they were cheaper than a comparable owner occupier residential mortgage?
I have no particular believe either way.
If BTL mortgages have a lower overall 'cost' to the banks then it make sense for them have a lower interest rate.
Why would one have any other view unless one believes there is some moral principle about loans to buy property?0 -
I have no particular believe either way.
If BTL mortgages have a lower overall 'cost' to the banks then it make sense for them have a lower interest rate.
Why would one have any other view unless one believes there is some moral principle about loans to buy property?
Where there is limited residential supply should individuals be squeezed by businesses? Particular when said buisnesses can deduct their interest payments and expenses before tax are paid which is a bit difficult for PAYE Jo(e).
The grand plan for a great property owning democracy goes to the wall.
Are the rates that dissimilar, I don't know? Guess the fees might be.
Most lenders require at least a 25 per cent deposit, although the best rates are limited to landlords with deposits – or equity – of 40 per cent or more. These borrowers can get rates of 2.74 per cent for a two-year discounted tracker from Principality Building Society or a five-year fix at 3.99 per cent from Clydesdale Bank.
http://www.ft.com/cms/s/0/b88c9de8-a078-11e2-a6e1-00144feabdc0.html#axzz2WblngPg2"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 Muruganantham0 -
grizzly1911 wrote: »Where there is limited residential supply should individuals be squeezed by businesses? Particular when said buisnesses can deduct their interest payments and expenses before tax are paid which is a bit difficult for PAYE Jo(e).
The grand plan for a great property owning democracy goes to the wall.
Are the rates that dissimilar, I don't know? Guess the fees might be.
Most lenders require at least a 25 per cent deposit, although the best rates are limited to landlords with deposits – or equity – of 40 per cent or more. These borrowers can get rates of 2.74 per cent for a two-year discounted tracker from Principality Building Society or a five-year fix at 3.99 per cent from Clydesdale Bank.
http://www.ft.com/cms/s/0/b88c9de8-a078-11e2-a6e1-00144feabdc0.html#axzz2WblngPg2
well that is about political objectives and not about economics and business
nothing wrong with that but makes no sense to discuss it in business terms.0 -
well that is about political objectives and not about economics and business
nothing wrong with that but makes no sense to discuss it in business terms.
Unfortunately they are usually inextricably linked.
The fact that they have to be regulated and the banks told what capital to hold points to the fact that they can't be trusted.
Economics blows whichever way it suits."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 Muruganantham0 -
grizzly1911 wrote: »Unfortunately they are usually inextricably linked.
The fact that they have to be regulated and the banks told what capital to hold points to the fact that they can't be trusted.
Economics blows whichever suits.
sadly makes on sense at all.0 -
I have no particular believe either way.
If BTL mortgages have a lower overall 'cost' to the banks then it make sense for them have a lower interest rate.
Why would one have any other view unless one believes there is some moral principle about loans to buy property?
I have often wondered why BTL mortgages have a higher rate. I can understand if they are on an interest only basis, as the bank is carrying additional risk. If the BTL is on a repayment mortgage and on a decent LTV then why the increase in rate?0
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