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reens
Joined: 28 Jul 2008
Posts: 633
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 Posted: Wed Sep 03, 2008 4:06 pm Post subject: Stamp-Duty cuts - only helping buy-to-let? |
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See the article in todays Daily Mail, talking about the stamp-duty cuts? Everyone appears to be in agrement in the media that it will have limited effect, and the availability of cash is of more importance. However, curiously, the cuts could have an unintended side effect -
| Quote: | ... The biggest winners could be professional buy-to-let landlords, many of whom do not face the same financial constraints as younger people.
The average price of a buy-to-let home is £160,000, in the band which now does not qualify for stamp duty. ... |
Well placed "Buy-to-let" investors, who have a reasonable amount of equity, could be the winners here, with an ability to get money from the bank, and now a few grands savings from the Govt - looks like another win for the cautious amongst the buy-to-let people, and a lose for the first-home-buyer.
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Dead Elisabeth
Joined: 04 Sep 2008
Posts: 9
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| Posted: Thu Sep 04, 2008 8:50 pm Post subject: |
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No response from the "Buy-to-let is doomed" crowd?  |
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crabs
Joined: 02 May 2006
Posts: 651
Location: london
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| Posted: Thu Sep 04, 2008 10:10 pm Post subject: |
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| Dead Elisabeth wrote: | | No response from the "Buy-to-let is doomed" crowd? |
no point to respond it total crap |
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Dead Elisabeth
Joined: 04 Sep 2008
Posts: 9
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| Posted: Thu Sep 04, 2008 10:46 pm Post subject: |
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Like other posts, I suspect.  |
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montyzuma
Community Moderator
Joined: 25 Jul 2007
Posts: 2233
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| Posted: Fri Sep 05, 2008 6:53 am Post subject: |
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Sorry too busy arranging my next mortgage.
gee whiz, what a difference.
They are actually asking the questions they should have asked all along.
b4 you couple walk in with your tray of matches to sell and they would be stuffing money in your pockets. They are actually taking time to do their job now.
85% mortgages still available for BTL
95% for home, but they are getting thin on the ground |
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