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Really? I think it's actually a pretty decent solution.
People who are just using massive interest only mortgages they can't afford who are pushing up the property prices have to sell up, and have a few years to realise it.
Circumstantial landlords with one rental who are on repayments or very small mortgages aren't too affected.Still doesn't stop the big residential companies, but with a Tory government we we're never going to see anyone go after them.
laner-
who owns rights on #CircumstantialLandlords ?
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Really? I think it's actually a pretty decent solution.
I don't like the arbitrary nature 'costs can be offset but not this special type of costs because DO WHAT I SAY.'
People who are just using massive interest only mortgages they can't afford who are pushing up the property prices have to sell up, and have a few years to realise it.
Banks wouldn't have lent the money if they couldn't afford it. In recent enough times, anyway. This group is comparatively small, and has little influence on house prices overall. But it was an easy target.
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Who should be providing rental flats? Large residential companies with professional property management that can be regulated seems better than private landlords. Could be a good place for pension plans to invest to get regular income.
amey
Howard
hesa
The taxable income from the property is £income - £costs except finance costs . So kinda yes.
it's a mess, frankly, and they only got away with it because people don't feel sorry for people who own more than one residential property.