Reply to: Buy to let stamp duty surcharge and other related news

[AtW]

What party has been in power? I wonder....

One could argue the problem is so small it foes not need much money, credit to successful Govt action....

[SueEllen]

“ Sunak also announced a £12m multi-year settlement for the affordable homes programme, cut interest rates on local authority lending for social housing by one percentage point.

He said it was the “largest cash investment in affordable housing in a decade”. ”

What party has been in power? I wonder....

[AtW]

Budget 2020: Stamp duty hiked for overseas buyers - CityAM : CityAM

“ Sunak also announced a £12m multi-year settlement for the affordable homes programme, cut interest rates on local authority lending for social housing by one percentage point.

He said it was the “largest cash investment in affordable housing in a decade”. ”

[Martin@AS Financial]

Budget 2020: Stamp duty hiked for overseas buyers

Budget 2020: Stamp duty hiked for overseas buyers - CityAM : CityAM

[Martin@AS Financial]

Landlord panel regional snapshot report (from the Mortgage Works who are the buy to let lending arm of Nationwide Building Society)

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[Martin@AS Financial]

Couple of interesting reports from the Mortgage Works on rental income analysis and tenant demand:

(Links will open a pdf)

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[Martin@AS Financial]

Regional Snapshot Report from The Mortgage Works of landlord trends:

https://www.themortgageworks.co.uk/-...3132A36C1620BF

[shaunbhoy]

Isn't one a news article and the other a column with the personal opinions of the writer so not quite the same thing?

Is there any difference nowadays?

[northernladuk]

From the Guardian:

Sadiq Khan makes rent control key plank of mayor re-election bid | UK news | The Guardian

From the Spectator who is not in favour of rent controls:

Sadiq Khan is wrong about rent control | Coffee House

Isn't one a news article and the other a column with the personal opinions of the writer so not quite the same thing?

[Martin@AS Financial]

Sadiq Khan makes rent control key plank of mayor re-election bid

From the Guardian:

Sadiq Khan makes rent control key plank of mayor re-election bid | UK news | The Guardian

From the Spectator who is not in favour of rent controls:

Sadiq Khan is wrong about rent control | Coffee House

[scooterscot]

If you remove the effects of immigration our population would be falling. House prices would stagnate or fall.

Not true. House prices would fall when the government stops printing money and the BoE maintains a level of interest rate that attracts savers. Right now neither exist. If interest rates were 5-7% no one would bother with BTL.
I can't make it any clearer than that. Do you see a pattern in the graph below? Scotland's population is more or less static yet house prices have almost doubled in the last 10 years (or so mine has) - that's just plan Jane insane,

After every banking crisis immigrants are one of the first groups to be blamed. How depressing. I'm aggravated by those without the foresight to see facts. Even more so as the UK would not exist today as it does without immigration.

[vetran]

It's not helped, most migrants to the UK come from outside the EU. The statistics have been made available many times over I'm past caring. Demand is being stoked through:

1) collapsing volume of new-builds. My sister bought a new build recently. Supposed to be a 3-bed. I've seen bigger studio apartments. Built right under a river bank as well and one wall is already showing cracks!!

2) people like ourselves buying up or becoming accidental landlords in favour of a pension that does not deliver thereby removing much needed stock from the marketplace. Although that's about to change once interest rates return to normal.

Ah whataboutery again no one mentioned the EU.

[scooterscot]

Approx 300,000 net arrivals per annum, most seeking rented housing from private landlords, and you think this hasn't stoked the demand?

It's not helped, most migrants to the UK come from outside the EU. The statistics have been made available many times over I'm past caring. Demand is being stoked through:

1) collapsing volume of new-builds. My sister bought a new build recently. Supposed to be a 3-bed. I've seen bigger studio apartments. Built right under a river bank as well and one wall is already showing cracks!!

2) people like ourselves buying up or becoming accidental landlords in favour of a pension that does not deliver thereby removing much needed stock from the marketplace. Although that's about to change once interest rates return to normal.

[vetran]

nothing to do with immigrants

When interest rates go up (and they will), and owning a meaningful pension is rewarding, you'll see swathes of working class folks let go of their BTLs. Then you'll have a full on housing crash.

That part no one is paying attention to is the rate this could happen. We've had years to control it. Now it is more likely it'll happen over a very short period of time. Far more damaging.

Its Spooter "Diane what migrants??? Abbott" !

If you remove the effects of immigration our population would be falling. House prices would stagnate or fall.

[DimPrawn]

nothing to do with immigrants

.

Approx 300,000 net arrivals per annum, most seeking rented housing from private landlords, and you think this hasn't stoked the demand?