We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
2nd home council tax
Options
Comments
-
What is your evidence that my statement is incorrect?lincroft1710 said:
But you still haven't provided any evidence to back up your original statementReadySteadyPop said:
The monthly payments were affordable, that is all many people looked at, the monthly debt maintenance payments are a lot more costly now.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.0 -
"Prove that unicorns don't exist!"ReadySteadyPop said:
What is your evidence that my statement is incorrect?lincroft1710 said:
But you still haven't provided any evidence to back up your original statementReadySteadyPop said:
The monthly payments were affordable, that is all many people looked at, the monthly debt maintenance payments are a lot more costly now.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.5 -
TBH I can`t remember what statement you disagree with, was it that people had easy access to debt and used that to buy holiday homes?MeteredOut said:
"Prove that unicorns don't exist!"ReadySteadyPop said:
What is your evidence that my statement is incorrect?lincroft1710 said:
But you still haven't provided any evidence to back up your original statementReadySteadyPop said:
The monthly payments were affordable, that is all many people looked at, the monthly debt maintenance payments are a lot more costly now.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.0 -
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..0 -
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales3 -
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..1 -
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales1 -
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..0 -
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales1 -
since when has any post from crashy had a point?lincroft1710 said:
Your point being?ReadySteadyPop said:
People used to say that about 5% rates.lincroft1710 said:
Not really as it was 46 years ago and of no relevance todayReadySteadyPop said:
Always worth mentioning again I think.lincroft1710 said:
Someone already mentioned that several posts earlier. Do keep up!ReadySteadyPop said:
Base rate hit 17% in 1979?lincroft1710 said:
I remember paying 13% on mortgage interest, but in 1979, because of a transfer to a higher priced property area I was receiving "excess rent allowance" so some of it was paid for metheartfullodger said:
Under Thatcher in November 1979 Boe interest rates hit 17%. No offence but young kids today have no idea.lincroft1710 said:
That's not evidence of SCMD just a time when interest rates were low, house prices weren't, so mortgages were still costlyReadySteadyPop said:
2010 to 2021 is a good place to look.lincroft1710 said:
Where's your evidence of "super cheap mortgage debt"?ReadySteadyPop said:
Without super cheap mortgage debt a lot of people wouldn`t have second homes, now they are in a position of much more expensive mortgage debt, higher cost of living AND double (or more if some people get their way!) council tax!lincroft1710 said:
What are you talking about? "Global Village Experiment?" "Loads of ordinary people to hoover up extra property?"ReadySteadyPop said:
To the people advocating double or more council tax to get more "locals" prioritised this would be win win, an extra house and an extra job for a local? The irony is that it was the "global village" experiment with it`s super low interest rates and super cheap goods from China that allowed loads of ordinary people to hoover up extra property in the first place! Previous generations of working people didn`t have that access to credit/equity, but the reversal could be brutal as councils now treat property as a revenue gathering tool?lincroft1710 said:
The OP doesn't appear to be that wealthy as they are considering selling up and leaving their job. Also I said a maximum of 40%, the usage is probably nearer 30% which means the property is unused for considerably more time than it used.ReadySteadyPop said:
Wealthy people do this all the time, with multiple properties, 40% of the time is quite a lot.lincroft1710 said:
Agree. Is there any need to own a property where you will only stay for a maximum of 40% of the time?FlorayG said:I don't think you have much of a case. While your situation is slightly different to those who have a 'holiday home', the council will say you could rent somewhere or have lodgings or stay in an AirBnB or hotel 3 nights a week while a local family could buy your property and live in it.
You can rail and rant on about the second home premium until the cows come home but it is what the government wants and will thus stay until Parliament decides otherwise.
I had a for then large mortgage, two salaries coming in, tough ..4
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards