Lost count of the time I've explained my mortgage position, pension, savings etc and people have said you could buy a portfolio of 20, 30 properties etc, and when I say it's morally wrong and causing suffering they just don't see it, we've become a very selfish society
That's a part of it, yes, but there are many people, I know, on relative low income but owning 2, 3 or 4 houses, the market has created many BTL landlords and the financial support encourages them. It's morally wrong to have people renting at £1,500 something that would cost them £1,000 with a...
Second home income should be seen 100% as Income as should any capital profit on the asset, we must free up a significant amount of properties onto the market, dropping prices and enabling first time buyers into the market