Originally posted by PM-Junkie
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FSA to cap mortgage borrowing
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Originally posted by BrilloPad View PostIt would certainly be a nightmare to implement. Maybe first step is disallowing mortgage tax relief on rental income?Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - EpicurusComment
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Originally posted by DimPrawn View PostI made an offer on a house at the weekend, less than 10% below asking price, cash purchase. Vendors came back 5 minutes later saying they will only accept offers over the asking price.
To buy the house I was looking at would require a salary of over £250K pa. under the new rules.
Hard Brexit now!
#prayfornodealComment
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Originally posted by PM-Junkie View PostI do like the idea...but as you say, a nightmare to implement. Second homes are one of the big contributors to house price inflation, and a huge factor in village life being eroded away.Comment
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There will be pain for those who thought the temporarily inflated price of their home made them rich.
And especially for those who extended their borrowings on the back of it.
But they didn't have to.Comment
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Originally posted by bren586 View PostAnd as it is bound to be posted
Stable door.
Indeed. I was suggesting measures such as this over two years ago. About time !!!Comment
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Conspiracy theory:
They announce this, causing a rush of house buying as people try to beat the deadline for the introduction of the new rules. Sometime later, the new rules are quietly dropped. And because buying activity has picked up, the government can announce that the market has recovered.
Nice!Comment
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Originally posted by Cyberman View PostIndeed. I was suggesting measures such as this over two years ago. About time !!!Comment
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Originally posted by Cyberman View PostIndeed. I was suggesting measures such as this over two years ago. About time !!!Comment
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