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Tax break on Mortgage!!
pashish1
Posts: 8 Forumite
Why isnt Gordon Brown giving tax breaks on mortgages?
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Comments
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It was the labour goverment that abolished the tax relief on mortgage interest soon after coming to power, so they are hardly going to do an about turn after taking it away from us are they?
The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0 -
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It used to be considered that standing on your own two feet and paying your way was a noble thing to do, so tax relief was given to those who wanted to risk their own money to provide themselves with a home. Those days are long gone. Today the public sentiment is that a mortgaged house is an investment (albeit ridiculously highly geared one), so the investor is already getting a return on the money he's risking. It all works fine and dandy as long as the housing market keeps going up. How many people took out their first mortgage in the late 1980s? How many remember "negative equity"? If we had any sense we'd rent and keep our investments in properly spread, but the UK market doesn't offer renters much that's useful, so we're all on crazy mortgages.0
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Asking it a second time isnt going to make any difference. Please dont duplicate threads:
http://forums.moneysavingexpert.com/showthread.html?t=552657I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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