The Tories have 'killed buy-to-let for the middle-classes'

[d000hg]

The banks haven't proven too great at deciding who to give mortgages to. They gave them to everybody regardless if they could pay them back.

MF: I think you might be stuck in a different decade

[SpontaneousOrder]

Why? When you haven't even paid off your own mortgage, why are you entitled to borrow a huge amount of money for another one to make a profit?

I'm not saying it should be penalised, but why are you saying it's a right?

It might be easier for you to tell us why one should not be entitled to do so?

[AtW]

" The Government is still consulting on how larger investors – which it wants to encourage – can be identified and exempted from the charge. "

Finally, the first sign of a pro-business Govt

[AtW]

The banks haven't proven too great at deciding who to give mortgages to. They gave them to everybody regardless if they could pay them back.

So why won't Govt (via BoE) demand minimum deposits to be, say 25%?

[MarillionFan]

The banks haven't proven too great at deciding who to give mortgages to. They gave them to everybody regardless if they could pay them back.

MF: I think you might be stuck in a different decade

Oh trust me. I wish we could go back to a previous decade, especially when it comes to interest rates. I would love 'LOVE' to see 5/6 or 15%+ interest rates kick in!

House price drops, mass repossessions, bankruptcy!! Entire housing market is stupidly overpriced, people living on cheap credit again thinking they;re well off, buoyed by stupid house prices. I want to see the market collapse.

[AtW]

I want to see the market collapse.

You might just see it now ...

[MarillionFan]

You might just see it now ...

With any luck. I'm sitting on cash and property. But my leverage of the two means that a property collapse is better.

I'd love to see the property market 'halve', because then I'll buy my dream property and know I can still afford it regardless.

Country is built on property increases and not hardwork.

[AtW]

With any luck. I'm sitting on cash and property. But my leverage of the two means that a property collapse is better. I'd love to see the property market 'halve', because then I'll buy my dream property and know I can still afford it regardless. Country is built on property increases and not hardwork.

It will crash all right, few days after I buy a house - sometime next year

[Zero Liability]

Oh trust me. I wish we could go back to a previous decade, especially when it comes to interest rates. I would love 'LOVE' to see 5/6 or 15%+ interest rates kick in!

House price drops, mass repossessions, bankruptcy!! Entire housing market is stupidly overpriced, people living on cheap credit again thinking they;re well off, buoyed by stupid house prices. I want to see the market collapse.

Part of that was also due to government borrowing not being restrained at the time, which competed for scarcer loanable funds. Wouldn't be surprised if we saw a repeat of that.

[SueEllen]

It's up to the banks to decide who they give mortgage, Bank of England should control it via interest rates which should have been much higher than they are now in order to control house pricing bubble - this would have dealt with BTL bubble too.

Interest rates rises would cause problems for businesses with loads of employees and with loans. They would have to pay higher wages and higher repayments on their loans. Plus it could make the pound stronger making it harder to export.