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Star Letter Extra 20/09/13

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  • 20/09/2013
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Star Letter Extra 20/09/13
Each Friday, Mortgage Solutions takes a look back at the best reader comments on the website.

RICS calls on Bank of England to cap house price inflation

Sounds like something they would do in the former Soviet Union. Are they also going to collar falls in property values. Then we will all be underwritten by the State.

Vyvyan

Sesame chief calls for ‘radical’ hybrid pension and mortgage products

I agree with most things George says, however I’m not so sure about this one. Most of my clients see their buy-to-let properties as an alternative to a pension as they do not trust the pensions industry not to lose their money.

Putting BTL properties insde a SIPP wouldn’t change that idea. Why not take away CGT from BTL properties? Now that would be a radical idea. Or how about zero rating the income tax from BTLs?

I can just imagine the Treasury Select Committee wincing at these ideas, but they would be a lot simpler to do than any hybrid pension/mortgage scheme. BTLs are often written to age 70 and some even to 75 on an interest only basis, with the sale of the property as the means of repaying the loan.

Tony Silver

Networks acting like ‘frightened children in a forest’ – Matthew Wyles

If the networks are running around like frightened children in a forest, it’s because there is a big bad wolf called the FCA threatening to bite their heads off behind every tree. “Oh Granny, what big fines you’ve got”. “All the better to beat you with”.

Andy Wilson

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