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I'm guessing here but you have the view that if there were no rental properties then there would be more properties for people to buy rather than rent ? a. Many people either don't want a mortgage or will never be able to get a mortgage - even if house prices halved b. I'm in the process of...

Ward it clearly an idiot.

Why should he pay more than the normal corporation tax if he's renting it through a Ltd company or income tax if he's renting it as an individual ?

Or business will stop investing due to lack of cash. Remind me what the overall aim is at the moment ? Ah yes, to GROW the economy .... won't happen if businesses can't invest due to higher interest rates.

I'm not convinced this is as much of a problem as is made out. We're looking to move to Devon / Cornwall and been swamped with property details sent to us. Most the properties sent to us have been on the market for ages. One property we wanted to look at was in a small village that was...

I don't actually have a problem with negative equity. The only people it affects are those that want to move from a property they own ( or the bank owns ). Not being able to move is certainly a first world problem. Mortgage lenders on the other hand might have a problem with it.

Agreed to it's all they have. BUT if I want to cut a plank of wood and when I open my toolbox all I have is a hammer, I don't go ahead and use the hammer because it won't do what I want to achieve.

I'm sure he does but my track record in IT is probably far better than his in running the BoE ! :lolol:

Forgive me if I struggle to believe the dinosaur of the BoE governor who STILL believes raising interest rates will fight inflation :wink:

I'm right of centre and even I don't believe people should be left in limbo for such a commitment. Hence the need to ensure interest is fixed for the length of the loan.

And there's the perfect example. I take out a personal loan for let's say a car and the interest is fixed for 3 or 5 years. Mortgages should be the same. After all, the bank have to borrow the money at the beginning to cover the mortgage - it's up to them if they decide to only borrow the money...

That's because raising interest rates doesn't have any effect on the current inflation but the BoE doesn't have anything other than this tool at it's disposal and will continue to use it despite plenty of evidence it isn't working. This inflation is caused mainly by the Ukraine war and...