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Armageddon for flat owners - PAS 9980 even worse than EWS1 fiasco?!

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  • This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    svejed123 said:
    This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
    If people can`t sell their flat to move on to a house there will be downward pressure on house prices.
  • svejed123 said:
    This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
    If people can`t sell their flat to move on to a house there will be downward pressure on house prices.
    Hmm but there are plenty of FTBs to buy the lower rung houses, even in London and especially outside London
  • bbat
    bbat Posts: 151 Forumite
    Third Anniversary 100 Posts Name Dropper
    edited 20 September 2021 at 7:09AM
    Would this after owners who need/want to remortgage? 
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    svejed123 said:
    svejed123 said:
    This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
    If people can`t sell their flat to move on to a house there will be downward pressure on house prices.
    Hmm but there are plenty of FTBs to buy the lower rung houses, even in London and especially outside London
    Can you post a link to the type of house/area you think they will buy?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    bbat said:
    Would this after owners who need/want to remortgage? 
    Probably, yes.
  • svejed123 said:
    This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
    Of course, because landlords are mostly Tory voters while renters are much less likely to be.
  • lookstraightahead
    lookstraightahead Posts: 5,558 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 24 January at 5:58PM
    svejed123 said:
    This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
    Of course, because landlords are mostly Tory voters while renters are much less likely to be.
    Hmmmmm .... any stats?

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    edited 24 January at 5:58PM
    svejed123 said:
    This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
    Of course, because landlords are mostly Tory voters while renters are much less likely to be.
    Landlords who know what they are doing will absorb the costs, recent FTB desperate to "get on the ladder" and "be able to change the wallpaper" will be hit hardest IMO, especially in London because many of them probably don`t have much spare money lying around.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Name Dropper
    edited 24 January at 5:58PM
    svejed123 said:
    This government seems to really really hate leaseholders (flat "owners"). 
    Seems like they just want to restrict the supply in buyers market even more, pushing up house prices even more.

    Do you really think this won't be watered down or remediations might be so watered down (for smaller flats) that it's not a risk to lenders...
    Of course, because landlords are mostly Tory voters while renters are much less likely to be.
    Hmmmmm .... any stats?

    Older, wealthier, think it's okay to own someone else's home...
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