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.
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.
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.