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  • If it’s more affordable to own a home and there’s healthy taxes on second ones and investment property than you cut out private rentals. Not that hard right? There’s also a higher tax if you own your home outright.

  • You can achieve all of that more equitably by building more social housing and taxing BTLs. Primary residence mortgage relief is just a bung to the voting middle classes, and as your figures suggest, it has not led to a higher rate of homeownership in the Netherlands than the UK.

    I really don't think that the overheated UK housing market needs any more demand-side stimulus.

  • I know I’m a cocktail or two into the night (it’s past midnight here) so I’ve clearly not explained it correctly. BTL properties don’t get this tax benefit. Ideally it should be limited to first time buyers only imo.

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