Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
Is a potential loophole to Clause 24 a mortgage company giving mortgages at 0% (no interest to offset against tax) but charging an up front arrangement fee equating to the mortgage interest that would be charged over the fixed rate term? The arrangement fee could be added to the mortgage.
Technically cost neutral to the mortgage company although with the demand for the product (if this is a loophole), they could effectively charge a premium rate to maximise profits creating a win win situation for landlord and mortgagee. Laffer Curve in action?
Just a thought that someone with more influence could potentially explore.
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