Is it re­ally good rid­dance to buy-to-let?

Daily Mail - - Freeview Primetime Planner -

PEO­PLE are be­moan­ing the ‘end of the buy-to-let dream’ (Mail), but buyto-let has de­stroyed the starter home mar­ket. Tens of thou­sands of young peo­ple have been out­bid and forced to live in ex­pen­sive rental ac­com­mo­da­tion sim­ply so the ‘re­tire­ment’ of the buyto-let land­lords can be sub­sidised. I sin­cerely hope a mar­ket cor­rec­tion will se­verely burn these pari­ahs at the ear­li­est op­por­tu­nity. Any plan­ning con­sent given for res­i­den­tial hous­ing should specif­i­cally ex­clude in­vestors in buy-to-let.

R.I.A. GREEN, Malvern, Worcs. by IN­CREAS­ING stamp duty from April 2016 the Chan­cel­lor has made a mis­take: it should have been in­creased im­me­di­ately. I’m al­ready hear­ing that es­tate agents are re­ceiv­ing of­fers from buy-to-let folk who want to beat the rise. My grand­daugh­ter has been caught in this trap: she made an of­fer on a prop­erty, but the seller in­creased the price by £20,000 to lure a sec­ond-home buyer, so she was priced out and has to look else­where. From now un­til April, es­tate agents are in heaven. Thank you, Ge­orge.

JOHN SADLER, Hor­ley, Surrey. WERE it not for pri­vate sec­tor rental ac­com­mo­da­tion, the Govern­ment, which has failed to pro­vide suf­fi­cient so­cial hous­ing, would be in a worse cri­sis sit­u­a­tion. Buy-to-let land­lords, most of whom aren’t wealthy and have opted to in­vest in bricks and mor­tar rather than other op­tions, are to be fur­ther pe­nalised for the valu­able ser­vice they pro­vide in fill­ing the void cre­ated by the Govern­ment. We’re al­ready un­fairly treated in re­spect of bad ten­ants be­ing told by so­cial ser­vices to re­main in prop­er­ties be­yond their evic­tion date un­til the land­lord is forced to go to court. Now in­creased tax­a­tion adds in­sult to in­jury.

S. RAIN, New­cas­tle upon Tyne.

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