Torie: 20% equity loan to buyers of new homes

What’s going to happen when interest rates go up?

eddie11 – Member

Pleb hutches

lol’d

sorry LTB not BTL the link should have been. Yes Thekingisdead I do realise what LTB is and the affect this legislation will have. Actually it was LTB that was discussed earlier in the thread.

JY affordability needs to be looked at with respect in interest rates too and not just multiples of average salary. With more part time work average salary gets distorted downwards. Also we have a growing population so there is a supply/demand imbalance.

As for the policy, nice and political and helping developers too. Better solution would be to build more quality social housing.

Charles Ponzi himself couldn’t have thought this one up …..

I just read the UK Treasury piece on the EU mortgage regulatory regime. It does NOT say the EU is trying to ban BTL. Currently BTL lending is not regulated as a consumer product as the landlords are treated as professionals. The EU wants these loans to be subject to more consumer (ie landlord) protection/regulation but the UK Treasury thinks this is unecessary and intends to draft laws/rules which mean The UK complies with the EU rules but that in practice little changes. IMO the headline from the Telegrapgh is just “sensationalist” to grab attention.