“Michael Gove vows to end ‘scourge’ of empty second homes”

Jun 14, 2022 | Housing market

No, higher council tax will not end the ‘scourge’ of second homes nor ’bring life back’ to communities. To paraphrase another (and possibly more effective) Leveller Up, you need to be ‘tough on second homes, tough on the causes of second homes. And the primary causes are City bonuses, which have snuck back in a big way; and the big bucks of private equity, which have made zillionaires of many a bought-out business owner. If you have that much to spend on second, third, and often more homes, extra council tax will deter you no more than the whack of additional stamp duty already payable. Only much more of the tax which dare not speak its name (income) will make a difference. I’d say.

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“John Lewis foray into BTR could result in losses of £57m”

“John Lewis foray into BTR could result in losses of £57m”

I did predict a while ago that Waitrose Homes rather than Waitrose Home Deliveries could be the future. John Lewis were probably the most benign big business to decide to go into the housing rental market, a move which could swing things away from the unpredictability of the mass of private landlords who dominate the sector.

“Should you fix your mortgage forever?”

“Should you fix your mortgage forever?”

In the US (and, randomly, Denmark) it’s the norm to fix-rate your mortgage for the life of your mortgage. For us and most others, it’s now usual to fix your mortgage rate, but only for a couple or five years at most.