In the meantime the buy-to-let market is benefiting from some serious advantages over the buy-to-occupy market. Interest free mortgages, offsetting mortgage interest against tax for example - available to the landlord, but not the owner occupier. This inevitably skews the market and pushes both rental and purchase prices skyward.
Originally Posted by
Dr quote uff wrote on Sun, 04 January 2015 15:subsequent e title=Ray Mears wrote on Sun, 04 January 2015 14:21
Perhaps it is time to recognise that the property-owning democracy dream is fading, and to address the lack of protection/tenancy rights currently afforded to tenants in the UK. Germany is usually mentioned at this point ....
Originally Posted by
Dr Tim Muff wrote on Sun, 04 January 2015 14:16
Reduces rents surely?
I don't think there are any interest free mortgages available are there?
Originally Posted by
Ray Mears wrote on Sun, 04 January 2015 14:06
I agree thought that tenancy rights are an issue, I actually think a healthy rental market is really beneficial to both the economy and people's ability to live in a home that best suits their needs.
Originally Posted by
Dr Tim Muff wrote on Sun, 04 January 2015 13:53
OOps! I meant interest
only
Originally Posted by
Ray Mears wrote on Sun, 04 January 2015 12:32
I'm not sure why you think rents would be reduced? The competition to buy from a shortage of housing stock is still very much present, but is just skewed heavily in favour of landlords. Have I missed something?