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I’m not that up on them can you elaborate?
Also…Bit confused by the top graph mainly because of the first column…
GoatandTricycle-
Just a few that come to mind:
Further limiting grounds for possession, higher minimum service-length terms for landlords (but not tenants), controls on rent increases, rights of first refusal, moving council taxes and business rates onto landowners (proportional to land values), ending buy-to-let for existing dwellings, additional SDLT and land taxes on second/third/etc homes, cracking down on short-term lets, allowing councils to reinvest sales of social homes into new social builds.And on the financial side, various reforms to the mortgage market to allow long-term fixed rates and various other arcane fixes to undo the effects of market liberalisation, and adding a remit to the BoE to also manage housing inflation.
I’d be in favour of multiple bank rates set by the BoE, with buy-to-let falling in a higher band, and governments able to tax back the difference from banks to reduce their incentive to prioritise lending to those who already have collateral.
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Bit confused by the top graph mainly because of the first column…
Just saying that landlords tend to have ‘only’ one or two homes, but that those landlords represent the vast majority of homes on the rental market, so it’s not just large institutional investors that are the problem!
slippers
Weirdly a lot of potential reforms would be low or even negative cost, they’d just require the political gumption to face up to landlords and financial organisations.
This is one of the easy ones (from the budget):