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Government can’t let housing equity be frittered away

I was interested to read last week’s leader headlined ’Less rhetoric, more action’, in particular the line – ’And if getting people onto the property ladder is not a priority, where are the tax breaks and other measures to encourage landlords and institutional investors to provide affordable rental accommodation?’.

The priority the government has for housing is to extract as much wealth as possible, and rightly so. Labour spent recklessly and enriched the private sector. Most of this money ended up in housing equity. And now the coalition wants it back to pay off the national debt.

The Capital Gains Tax hike is just the start because we can’t afford housing wealth to be frittered away on retirements for the ’my property is my pension’ brigade, landlords and downsizers.

The equity is about to disappear and it’s not coming back. Prize may vary from picture


Small rise in base rate could shrink lending volumes

A modest rise in interest rates in the next two years would have damaging consequences for lending that might have been underestimated, Hometrack has warned. The firm has forecast that the Bank of England base rate will start to rise next year to around 1%, moving to 2% in the longer term. But Gary Styles, […]


Calling any lawyers who can get justice for home inspectors

I am a qualified home inspector who paid a lot of money to train – money I had to borrow. I feel conned but am also sick of reading negative blogs by people who have no sympathy for those who retrained to become home inspectors. These writers have no idea of the extensive training involved […]

Merger creates financial leads giant

Leadbay’s parent Add Momentum Holdings has merged with All About Group, owner of All About Leads, to create the largest financial services lead generation firm in the country. The combined brands will trade as Leadbay Media Group, which says it will be able to supply intermediaries with more than 60,000 leads a month. This breaks […]


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