More Eu Meddling?

[ToraToraTora]

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11121854/Buy-to-let-borrowers-face-new-costs-and-limits.html
What possible purpose has this except to slap the British? We know that the housing market on the continent is vastly different to the UK. Surprise surprise this will shaft "accidental landlords" and the buy to let market the rest of the EU will be largely unnaffected. This is no business of the EU. More ammo for Nige!

[Zacs-Master]

It isn't intended to slap the British at all, it is intended to ensure that all member states have measures in place to protect mortgage customers. If you read the link below, you will see that the government have been trying to adapt our own Mortgage Market Review measures, which largely do the same job, to minimise any effect on 'us'. The article you post shows that there is a great deal of confusion over who will be affected.

How do you know the rest of Europe will be largely unaffected? We are 33rd in the list of European property ownership figures. I'll find the link again if you want.

https://www.gov.uk/government/consultations/implementation-of-the-eu-mortgage-credit-directive/implementation-of-the-eu-mortgage-credit-directive

[ToraToraTora]

We are always being told that home ownership is a British obsession and that most of the rest of Europe tend to rent.

[Zacs-Master]

Are we? Time to educate yourself rather than following the herd.