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Btl tax

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    So im trolling a troll.... A Troll hunter if you like... :rotfl:

    8 years ago they were talking about sales volumes being low, it made little difference...

    http://www.bbc.co.uk/news/business-15837414

    And as for your massive drop in sales....

    http://www.propertyindustryeye.com/stamp-duty-receipts-up-by-almost-12-in-a-year-despite-drop-in-transactions/

    Ill highlight your huge drop for you.....

    The number of property transactions in the UK has declined, with 0.33% or 4,010 fewer transactions taking place in the last 12 months

    Think your hyping up the fall in sales somewhat, especially when you consider the extra tax on BTL im surprised its not a bigger decline.


    The tax on BTL takes time to filter through, many people won`t be really clued in yet, or will think it doesn`t really apply to them. The BTL thing is a side show, it just underlines how the political climate has turned against multiple property ownership. The real action starts if interest rates start rising :)
  • 51mm5
    51mm5 Posts: 177 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    Interest rates have risen back in November but 6months later mortgage rate are cheaper than it has ever been, what does that tell you. Rates may go up in May but it's not going to put that many into trouble. Any rate rise or btl taxes are being phased in slowly so know one is going to get a sudden hike and can put their finances in order to adjust.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    51mm5 wrote: »
    Interest rates have risen back in November but 6months later mortgage rate are cheaper than it has ever been, what does that tell you. Rates may go up in May but it's not going to put that many into trouble. Any rate rise or btl taxes are being phased in slowly so know one is going to get a sudden hike and can put their finances in order to adjust.


    It means lenders are desperate to attract more mugs before global credit conditions make mortgages more expensive.
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    It means lenders are desperate to attract more mugs before global credit conditions make mortgages more expensive.

    OMG your so blinkered... You keep saying rates going up mean people with mortgages will have to sell, when someone points out that while BoE rates have not actually increased mortgages you say its lenders desperate to attract more customers... If that is the case then why do you think mortgage rates will increase because BoE rates increase? You cant have your cake and eat it, your opinions on house prices are like swiss cheese...
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    OMG your so blinkered... You keep saying rates going up mean people with mortgages will have to sell, when someone points out that while BoE rates have not actually increased mortgages you say its lenders desperate to attract more customers... If that is the case then why do you think mortgage rates will increase because BoE rates increase? You cant have your cake and eat it, your opinions on house prices are like swiss cheese...


    Mortgage rates will increase when global bond markets dictate they will increase. Do you think there is more or less chance of bond rates rising now than say 3 or 4 years ago? IMO the UK property market is going down even without rate rises/bond market crisis, it is purely a sentiment play now.
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    Mortgage rates will increase when global bond markets dictate they will increase. Do you think there is more or less chance of bond rates rising now than say 3 or 4 years ago? IMO the UK property market is going down even without rate rises/bond market crisis, it is purely a sentiment play now.

    Ok, yeah keep believing that, its all about sentiment.... People still want to put money into bricks and mortar... That sentiment has not changed suddenly...
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    Ok, yeah keep believing that, its all about sentiment.... People still want to put money into bricks and mortar... That sentiment has not changed suddenly...


    It has.


    http://www.propertyindustryeye.com/property-registrations-plummet-by-a-quarter-in-february/
  • 51mm5
    51mm5 Posts: 177 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    Crashy_Time wrote: »
    Mortgage rates will increase when global bond markets dictate they will increase. Do you think there is more or less chance of bond rates rising now than say 3 or 4 years ago? IMO the UK property market is going down even without rate rises/bond market crisis, it is purely a sentiment play now.

    Now where's those goalposts been moved to ? :rotfl:

    No point debating with this one.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    51mm5 wrote: »
    Now where's those goalposts been moved to ? :rotfl:

    No point debating with this one.


    So that will be the last I hear from you then? :)
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    http://www.insidepropertyinvesting.com/new-hmo-rules-licensing-2018-official/
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