Having said that3 Dec 2008 20:00
It will stop failing buy-to-let landlords from dumping their properties because it suits them. Let them suffer their speculative mortgages for eternity. I'm sick to death of blame shifting Britain where it's fine to speculate until which point you're in a losing position and then you dump your losses on someone elses doorstep. You want a 120% mortgage then you f*cking pay it off even if it becomes 200% LTV.
Maybe it's time for a radical change, proper radical change. Perhaps you should only be permitted to get a mortgage from the bank which your income goes in to. Then you couldn't cheap the system and plead poverty while bragging about owning a whole row of terraced houses in Liverpool