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not sure the 40% is only on new properties "Equity Loan will be now available until 2021. And, to reflect the current property market in London, from early 2016 the government will increase the upper limit for the equity loan it gives new buyers within Greater London from 20% to 40%." point two on this page, K

Completely agree, have we learnt nothing ? Making houses more affordable by giving 20% deposits free, just pushes prices up, until they're less affordable, and are you going to provide these deposits free for ever going forward ??? what will that cost ?? If not what will happen to prices when you take this away, like you say a ponzi scheme, 40% interest free deposits…

wouldn't it have been better to legislate or have rules about loan to value than to create all these extra costs and taxes ? Seems to me there's 15% stamp duty on btl properties in companies since last year regardless of whether you have high leverage or not. who is going to provide low cost good quality accomodation with this level of costs ?…

Yes indeed, having a btl company has it's shortcomings, getting a mortgage is very much more expensive with only one or two suppliers in the market. It will make no difference with the stamp duty as companies are liable for this, there are other taxes for companies holding property and at about 500k additional taxes kick in 15%, which effectively kills btl in properties over…

As you say who knows when the oil sector will turn around (perhaps only the Saudis ?), however there is a strong argument to suggest it won't for a long time go back to the $100+ level, that although the Saudis will inflict huge damage on the shale/high cost sector, when they finally back off and let prices rise, as they reach $70 or $80…

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