The former business minister of the UK, Sir Vince Cable, has warned that there are "worrying signs" that Britain is currently "reliving the bubble of the pre-crash", and said he lamented the high levels of buy-to-let investors in the UK property market, as he believes﻿ it makes housing affordable for most people. In 2008, one in five home loans were made to buy-to-let investors. He said further tax measures would be necessary to clamp down on the buy-to-let market.
The former business minister of the UK, Sir Vince Cable, has warned that there are "worrying signs" that Britain is currently "reliving the bubble of the pre-crash", and said he lamented the high levels of buy-to-let investors in the UK property market, as he believes﻿ it makes housing affordable for most people. In July of this year, one in five home loans were made to buy-to-let investors. He said further tax measures would be necessary to clamp down on the buy-to-let market.