A government move I'm in favour of
Apr. 27th, 2016 07:04 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
andrewduckerLast year George Osborne announced that, soon, landlords wouldn't be able to offset tax against mortgage interest.
Today, I was keeping a friend company while they looked at a flat they were thinking of buying (to live in) and the seller was complaining that he was pushed into selling because of that change.
I had to resist the urge to cheer at him.
(Obviously, the long-term answer is to build a ton of new houses, so that there's enough supply to meet demand, in the places where people actually live nowadays. But removing the advantage that landlords have over buyers is still a good thing. And this is on top of the 3% stamp duty surcharge for a second home.)
Today, I was keeping a friend company while they looked at a flat they were thinking of buying (to live in) and the seller was complaining that he was pushed into selling because of that change.
I had to resist the urge to cheer at him.
(Obviously, the long-term answer is to build a ton of new houses, so that there's enough supply to meet demand, in the places where people actually live nowadays. But removing the advantage that landlords have over buyers is still a good thing. And this is on top of the 3% stamp duty surcharge for a second home.)
