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Stonehedge in reply to @JonoMarshall

Huge penalties on second homes would get my vote. Clamp down on property purchase vehicles wherever possible (kids, offshore, etc).

How about banning mortgages for second homes? I.e you can only buy a second home for cash.

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jellybaby in reply to @Stonehedge

How about banning mortgages for second homes? I.e you can only buy a second home for cash.

I don't think the people buying £25million homes in Mayfair are using a mortgage.

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hugo7 in reply to @jellybaby

They definitely are.

Only poor people use their own money to buy things.
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Stonehedge in reply to @jellybaby

I don't think the people buying £25million homes in Mayfair are using a mortgage.

Correct, they usually use a private loan taken out by a shell company in a tax haven.

Very rich people almost never buy assets with cash.

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