Don’t worry Boris – Fergus will give you a home

by Readers Question

10:24 AM, 14th August 2019
About 4 months ago

Don’t worry Boris – Fergus will give you a home

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Don’t worry Boris – Fergus will give you a home

You need not worry Boris, because if you are Evicted from No 10 after the end of October when you have a general election Fergus will give you a home, but only on an Assured Shorthold Tenancy in leafy Ashford on Park Farm!

I do not want to put you on the spot Boris but that is exactly what I intend to do. What are you going to do to ensure the delivery of 400,000 new homes per year? It is a ten year programme?

No waffle just Anglo Saxon English in nice simple words so that we all understand. The Country requires a very clear understanding of where you see the Private Sector Landlord’s position in providing Private Sector Tenants with housing.

There are a number of issues Boris which you need to address:

  • Restoring Tax Relief on Mortgages to the Headline Rate.
  • Reduce Capital Gains Tax (CGT) on the all of previously rented houses to 10%
  • Kick into touch this silly idea of doing away with Section 21.
  • Introduce a CGT credit system of reducing CGT by 1% for every year the PSL takes a designated group such as Parents with Children, Victims of Domestic Abuse, disabled people and so on.
  • Support the reintroduction of interest only Buy To Let mortgages with a lending ration of 60% Loan to Value (LTV).

Can the Private Sector Letting Industry have a clear commitment from you to support financially, those in need via incentification of those most in need?

You have been elected as Leader. So Lead!

Can I raise with you, as my Prime Minister, the issue of Shelter and the grant Aid given by HMG? It seems to me that the Shelter is terribly left wing and causes more problems than it solves! There is only one answer and that is to build 400,000 homes per year!

Save your money on the Grant Aid for Shelter and put it towards building accommodation for the disabled!

Fergus Wilson



Comments

Mark Alexander

8:57 AM, 15th August 2019
About 4 months ago

Hi Fergus

I don't understand your fifth bullet point ....

"Support the reintroduction of interest only Buy To Let mortgages with a lending ration of 60% Loan to Value (LTV)."

This has never been taken away. In fact, to my knowledge, all buy-to-let mortgage lenders are still happy advances on an interest only basis.

Monty Bodkin

9:03 AM, 15th August 2019
About 4 months ago

I don't understand this either;

the PSL takes a designated group such as Parents with Children

What makes them so special and in need?

Whiteskifreak Surrey

9:44 AM, 15th August 2019
About 4 months ago

Reply to the comment left by Mark Alexander at 15/08/2019 - 08:57I was going to ask exactly the same question. Just two months ago we remortgaged with Godiva for 60% LTV. (61 to be precise), on interest only basis, with zero redemption charge...

Luke P

11:11 AM, 15th August 2019
About 4 months ago

Reply to the comment left by Whiteskifreak Surrey at 15/08/2019 - 09:44I presume he meant an absolute limit of 60% LTV on IO basis...?

I do wish you'd create an account FW so you could respond directly.


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