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Daniel Wood
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A lot of people rent because they can’t afford to buy, how do they get the deposits? we also don't have enough properties as we have a housing shortfall... it’s all very well hitting landlords for extra stamp duty, cuts on tax et etc. Rents will continue to go up as less landlords are now buying properties, hence less stock hence higher rents it’s a simple supply and demand issue, you could argue rents keep going up to be honest they have stalled since 2015. Ask a mortgage adviser when they last set up a buy to let mortgage, most will say 12 months ago if not longer. Something needs to happen with the housing sector, and rather than the powers at Westminster sticking their two pence in without getting advice I would ask you speak to the people who work in the industry and have done for years, take on board what they have to say across the country not just in London and then make a plan on what needs to be done.
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From: Daniel Wood
28 September 2017 09:55 AM