Should there be a ban on buying more than one property

At the very least, ALL buy-to-let properties should be capped at the same rate as council properties,

 

 

---------- Post added 25-05-2018 at 14:41 ----------

 

[/color]

 

LOL, they mean live in it for a year and sell on, thus escaping capital gains tax. Is it still 40%??

They are generally young couples just starting out in life who need all the help they can get and generally do from close family.

A friend of mine is buying a new build in Mosboro, when the development opened on the first day, they had 150 people queuing outside and the lady in the office said there were absolutely no incentives to buy (this is extremely rare in newbuilds) because the demand was so high and they'd only let you view a property if you were "good to go" mortgage finance in place and no house to sell or your house already sold.

 

So there is demand in the area and that is probably why the prices seem high.

 

UTB.

Properties in the Mosboro area in the £125k - £150k seem to be flying off the shelves. If BTL is dead, is this all FTBs? or is a certain local footballer buying everything up?

At the very least, ALL buy-to-let properties should be capped at the same rate as council properties

So nobody could ever rent a nicer, upmarket property, because they wouldn't exist.