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Then why have US interest rates risen to the highest levels in 16 years - is that the Tories fault too?

Yeah but over a twenty year period you might easily have 10 different sets of tenants, so it’s the one at that particular moment that wins the award. Also there’s no guarantee that the rental income fully covers the mortgage payment especially on a buy to let mortgage. It’s an insane idea...

So a landlord who has owned a property for twenty years and diligently paid the mortgage off is now forced to sell it for buttons to the current landlord? Have I got that right? 😂😂😂

This I agree with, the Bank of England needs to hold its nerve and keep interest rates at current levels. MIRAS could work but it brings its own issues like increasing the wealth/benefit gap between homeowners and non homeowners which is already at record levels. It also disproportionately...

P.s. https://amp.theguardian.com/business/2023/may/03/interest-rates-increase-federal-reserve-vote Highest interest in the US for 16 years, was that Truss and the Tories as well? Just for once can’t we have a thread that doesn’t get hijacked but peoples need to push their own political views...

The government aren’t responsible for the current mortgage rates rises and if you truly believe they are then I suggest this thread isn’t for you. And by the way I am no Conservative voter but that’s just factually wrong. Market intervention always comes at a huge cost and should be avoided...

I am sorry if this sounds harsh and I wish anyone facing challenging times all the best but we can’t keep expecting the govt to bail people out everytime things gets tough. Since Covid it seems to be the go to solution, people will have to make sacrifices until the interest rates stabilise. I...