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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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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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