What should the politicians do?

sevenhills

chappers wrote: »

I think we are now entering a phase where we will she a massive shrinking of the BTL market, partly due to taxation but partly due to the regulations, the market will return to being a professional market of full time renters rather than a bit extra on the side.

If that affects the overall price of houses, and confidence; the politicians will do something to prop up the market, to allow prices to increase.

chappers

sevenhills wrote: »

If that affects the overall price of houses, and confidence; the politicians will do something to prop up the market, to allow prices to increase.

quite possibly they have done in the past, usually has limited effect though.
I'm not so sure it's going to be so much of a mass exodus from the BTL market, more of a lack of uptake.

Crashy_Time

sevenhills wrote: »

If that affects the overall price of houses, and confidence; the politicians will do something to prop up the market, to allow prices to increase.

What do you think they will do, cut interest rates again maybe?

chappers

they have better tools than interest rates at their disposal to help the housing market if they want.

Crashy_Time

chappers wrote: »

they have better tools than interest rates at their disposal to help the housing market if they want.

What will they use? And also consider that by propping it up, or trying to, they are handing JC the keys to number 10 and all that will entail.....

chappers

Crashy_Time wrote: »

What will they use? And also consider that by propping it up, or trying to, they are handing JC the keys to number 10 and all that will entail.....

Enhanced incentives such as to the help to buy and further SDLT incentives for FTBs, Shared ownership, relaxation on capital requirements for lenders.

What the hell has a strong housing market got to do with JC getting into power

Crashy_Time

chappers wrote: »

Enhanced incentives such as to the help to buy and further SDLT incentives for FTBs, Shared ownership, relaxation on capital requirements for lenders.

What the hell has a strong housing market got to do with JC getting into power

"Strong" is usually used by people who bought years ago and think their house is worth X, the priced out masses are going to vote for him because he is banging on about houses being "Homes not investments" and "Use it or lose it". This latter idea is catching on with the public, I heard a phone in yesterday about homelessness in Glasgow and Scotland as a whole, the idea that empty land and premises/property should be opened up to the homeless was getting a good airing (I don`t really agree with this, but the idea that the housing market is rigged unfairly has really taken root with sections of the public)

Comms69

JC does have some good policies, unfortunately housing isn't one of them...

Crashy_Time

Comms69 wrote: »

JC does have some good policies, unfortunately housing isn't one of them...

He wants to crash the housing market, what`s not to like?

seven-day-weekend

Pixie5740 wrote: »

Would that apply to all those landlords with mortgages who don't bother getting an appropriate BTL mortgage or seeking consent to let before letting the property? Should the mortgagee just call the mortgage in?

What about all those landlords who fail to comply with basic landlord legislation? Should they have to forfeit the benefit of the contract i.e the rent for not carrying out necessary repairs, or having valid gas safety certificates, or having the appropriate landlord or HMO licences?

Whilst I agree that LLs should do this, what difference does it make to the tenant?

As for the other things you mentioned, there should be a hefty fine if LLs don't comply with them, plus an obligation to comply or be banned from being a LL. However, it would have to be clarified what are NECESSARY repairs and what is an acceptable timescale to carry them out.