{"id":73031,"date":"2017-11-28T02:03:57","date_gmt":"2017-11-27T19:03:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-becoming-a-privilege-of-the-rich-letters\/"},"modified":"2017-11-28T03:04:29","modified_gmt":"2017-11-27T20:04:29","slug":"mortgages-becoming-a-privilege-of-the-rich-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-becoming-a-privilege-of-the-rich-letters\/","title":{"rendered":"Mortgages becoming a privilege of the rich | Letters"},"content":{"rendered":"<p>&#013;<br \/>\nStephanie Lovatt on the plight of young renters and Steve Smart on policy solutionsWhy does nobody address crippling private rent (Nils Pratley, 21 November)? Why is it OK for my daughter and boyfriend to pay someone else\u2019s mortgage by renting and having to share with several other people, only living in a room, sharing a bathroom and small kitchen and no communal area, not being able to afford to rent a place of their own or to get a mortgage, despite both working. If people can afford to pay rent they should be able to get an affordable mortgage. My daughter could never afford a property over \u00a3250,000, so a new allowance for properties up to \u00a3300,000 is an irrelevance.My husband and I both work more than full time. I work two jobs and we only scrape by; we could not afford a mortgage now if we were first-time buyers. I am guessing that the young people who can afford \u00a3300,000 on a house are young professionals on a very high wage or are from a wealthy background where they have help? My daughter and her boyfriend both have degrees and have been saddled with debt. Sadly, we, like many parents, are not in a position to be able to help. The government needs to look at more social housing, charging people who own more than one property extra tax for each additional property, and ensure rents are capped. Stephanie LovattLiverpool Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/society\/2017\/nov\/27\/mortgages-becoming-a-privilege-of-the-rich\" target=\"_blank\">Mortgages becoming a privilege of the rich | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Stephanie Lovatt on the plight of young renters and Steve Smart on policy solutionsWhy does&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-73031","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-iZV","jetpack-related-posts":[{"id":49257,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-need-to-fill-out-a-tax-return-if-i-buy-to-let-without-a-mortgage\/","url_meta":{"origin":73031,"position":0},"title":"Do I need to fill out a tax return if I buy to let without a mortgage?","date":"March 23, 2017","format":false,"excerpt":"\r I can afford only to rent in the area where I work, so I plan to buy a house for cash elsewhere to let to my sisterQ I have a query regarding home-owning and was hoping you could help. I have rented for my whole life and have never\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-want-to-rent-out-our-manchester-house-when-we-move-but-what-are-the-tax-implications\/","url_meta":{"origin":73031,"position":1},"title":"We want to rent out our Manchester house when we move but what are the tax implications?","date":"May 1, 2023","format":false,"excerpt":"\r I have a new job in London, although we cannot afford to buy a property thereQ My partner and I currently own a property in Manchester. We purchased the house in 2018 and the value has risen from \u00a3150,000 to \u00a3200,000. I have been offered a job in London\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-landlord-in-a-tight-spot-with-mortgage-as-tenant-cant-afford-to-pay-rent\/","url_meta":{"origin":73031,"position":2},"title":"Abu Dhabi landlord in a tight spot with mortgage as tenant can&#039;t afford to pay rent","date":"June 29, 2016","format":false,"excerpt":"\r I have an apartment in Abu Dhabi, which my tenant pays in two cheques. The last cheque was supposed to be collected on March 1, but the tenant asked me not to deposit it as she did not have enough money. She did a partial payment through a transfer,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-afford-a-london-flat-but-should-i-buy-elsewhere-and-rent-it-out\/","url_meta":{"origin":73031,"position":3},"title":"I can\u2019t afford a London flat but should I buy elsewhere and rent it out?","date":"May 9, 2022","format":false,"excerpt":"\r I am about to finish university, am due to start earning \u00a330,000 from September and could live at homeQ I\u2019m in my early 20s and just about to finish university. Through university scholarships and working, I have been able to save about \u00a320,000.I want to buy a property once\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-said-it-wasnt-acceptable-how-bristol-is-standing-up-to-developers\/","url_meta":{"origin":73031,"position":4},"title":"&#039;We said it wasn&#039;t acceptable&#039;: how Bristol is standing up to developers","date":"March 7, 2018","format":false,"excerpt":"\r With little social housing and a property price explosion, campaigners and councillors are taking back controlHousing crisis: 15,000 new Manchester homes and not a single one \u2018affordable\u2019When former legal adviser Kerry Mead, 41, split from her partner and needed a home to rent with her two children, Sammy, 9,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72193,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-buy-a-house-at-age-52-or-rent-for-the-rest-of-my-life\/","url_meta":{"origin":73031,"position":5},"title":"Should I buy a house at age 52 \u2013 or rent for the rest of my life?","date":"December 11, 2013","format":false,"excerpt":"\r Reader wants security for herself and her daughter \u2013 but is not sure whether it makes sense to take out a mortgage at this stageQ I am a 52-year-old single woman in a secure job earning approximately \u00a330,000 annually which will increase yearly but not by a great deal.\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73031"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=73031"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/73031\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=73031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=73031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=73031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}