You are reading a single comment by @aggi and its replies.
Click here to read the full conversation.
aggi-
But that doesn't really matter to you if you're not one of those buying the properties. A friend of mine has been renting his flat for about ten years. He is too old to get a mortgage now but his landlord has died, the property will go to the LLs daughter and he fears she'll sell up and he'll be out. The idea of pricing landlords out of the market / making the market unattractive, with no social housing alternatives seems a bit mad. Other countries seem to manage with a large rental sector
kilo24
Only if 100% mortgages come back. Renters need a deposit, which becomes harder when rents become higher. Also stamp duty relief for first time buyers is reducing earlier too.
There are some lenders doing 100% rental history backed mortgages, and lending up to 6x income in some cases, but outside of criteria for many renters at present.