Buy to let stamp duty surcharge and other related news

[DimPrawn]

Business loans? Try to setup new company and then get one (small 5 digits one) in a bank.

Exactly. The number of properties being rented out with borrowed money should be approximately zero. Property in the rental market should not be mortgaged, it should be bought with capital.

Mortgages are for homeowners, not highly leveraged property Spekulants.

Property prices would be about 10% of what they are now if this were implemented.

[AtW]

Mortgages are for homeowners, not highly leveraged property Spekulants.

No, that's where you get it wrong.

Mortgages are for the banks to make the most money they can.

[DimPrawn]

No, that's where you get it wrong.

Mortgages are for the banks to make the most money they can.

Yes I know, but it will break the banks in the end, when a cesspit in Luton costs over a £1m and you need to earn £200K to afford one.

So, the govt can save itself another banking bailout for banning BTL mortgages, house prices become affordable, we avoid a sub prime situation down the line.

[AtW]

Yes I know, but it will break the banks in the end, when a cesspit in Luton costs over a £1m and you need to earn £200K to afford one.

There are a lot of very cheap houses in Bham, but in a handful of very desirable areas prices are going up like crazy, I am pretty sure the same is in Luton.

Now in London there is total detachment from reality, that market is going to crash or maybe not, I don't really care since I've bought good enough for me.

[Chuck]

There are a lot of very cheap houses in Bham, but in a handful of very desirable areas prices are going up like crazy, I am pretty sure the same is in Luton.

There are no desirable areas in Luton. It's Luton.

[AtW]

There are no desirable areas in Luton. It's Luton.

5 bedroom detached house for sale



3 miles radius of Luton area

Yours for mere guide price of £7,500,000

Source: http://www.rightmove.co.uk/property-...-53168248.html

Suity's house?

[Old Greg]

5 bedroom detached house for sale



3 miles radius of Luton area

Yours for mere guide price of £7,500,000

Source: 5 bedroom detached house for sale in Harpenden, Hertfordshire, AL5

Suity's house?

Not enough bedrooms.

[unemployed]

5 bedroom detached house for sale



3 miles radius of Luton area

Yours for mere guide price of £7,500,000

Source: 5 bedroom detached house for sale in Harpenden, Hertfordshire, AL5

Suity's house?

has 1 too many zero`s for harpenden

5 bedroom detached house for sale in St George`s Hill, KT13

[Uncle Albert]

has 1 too many zero`s for harpenden

5 bedroom detached house for sale in St George`s Hill, KT13

Well, if you're going to include "nice" bits of Surrey, you should also show the rental values: Revealed: The swankiest, most expensive mansions for rent in Elmbridge that cost up to £40,000 A MONTH (From Surrey Comet)

[AtW]

has 1 too many zero`s for harpenden

5 bedroom detached house for sale in St George`s Hill, KT13

Now we talking proper contractor houses!