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From
March 6, 2008
Video: the Bricks Chicks on mortgages
The bank base rate remain unchanged but the cost of mortgages is still rising
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Brick Chicks? Shouldn't this be on Youtube?
David, Birmingham,
The non-dom will pay for his house with borrowed money so even if he is buying a GBP5million house he will put down a fraction of this amount. He does not even have to bring this amount into the UK since he could leave this equity portion in an overseas deposit account and give the lending bank security over it.
sarah , london,
Interesting. So after the non-dom tax takes effect and all capital brought into the country is taxed at 40%, the Russian who is bringing in £5 million to buy a house today will need to bring in over £8 million to have £5 million left after tax for the same house. What will that do to housing prices? I doubt that house worth £5million today will be able to get £5 million this time next year.
Jay, London,
Honey, it's pronounced the way it's written: Kazakhstan. NOT Kazkhshtan... It's not that complicated, is it?
David, Chelmsford,