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  1. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Your argument is utter nonsense. As I have explained, I bought a house, I lived in it, I paid off the mortgage, I moved abroad (for work) so I rented it out, I retired and continued living abroad, I pay approximately the same in rent where I currently live and my UK rental income is also taxable...
  2. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    All the rent i receive is taxable in the UK and it is my ONLY UK income so falls within my tax-free allowance. I also pay it all out to rent a place to live in. You are in cloud cuckoo land.
  3. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    wtf are you blathering on about? I own a house. I rent it out and rent elsewhere for about the same rent, not rent-free, a zero-profit situation. I used my hard-earned salary to buy my house.
  4. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    The Soviets did it throughout their Eastern European satellite states, who then paid compensation to the poor people who had had their properties stolen by the state, when the communist empire collapsed.
  5. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    As it happens, the rent I receive from my UK property just about covers the rent I pay on my European home, so you don't see at all.
  6. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    This is exactly what the government has done in Portugal; they will no longer issue any more tourism rental licenses in the Algarve, Lisbon and other major cities. Also, anybody who changes their tourism rental property to 12 month rental contracts pays no tax on the income until 2030. They are...
  7. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    In my specific case the mortgage was paid off before I rented the property out.
  8. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Compulsorily purchasing property at considerably less than market value is theft.
  9. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Stealing property from home owners is not the basis of a fair and just society.
  10. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    What a bitter post. I have rented my house out for 13 years. I have had the fence replaced twice and I had the house completely redecorated inside and out in-between tenants 2 years ago. I had one tenant who lost her job, didn't tell me and missed 3 monthly payments whilst refusing to leave, and...
  11. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    My house has no mortgage and I am renting another property to live in (abroad). Why on earth should my tenant get ownership of my property?
  12. Seagull58

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    What a ridiculous suggestion. I own a house worth 320K with no mortgage. Why on earth should my tenant be allowed to take ownership of my house for nothing? I worked hard to earn the money to buy the house and pay off the mortgage.
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