Summer Budget 2015 – Landlords Reactions

Positive action every day until we defeat this. Contact your MP - an example is on the link below. It will take you about 5 minutes to amend and send!

http://www.property118.com/contact-mp/77191/

Reply to the comment left by "Ros ." at "05/08/2015 - 21:44":

We now have well over 100 campaign volunteers.

On day two this is there 15 minute task.

They are directed to a modified page (massive upgrades) where they can do everything electronically.

I expect a LOT of Councillors to receive a LOT of letters.

The auto-responders for our campaign volunteers are working well.

Another daily task is to recruit another campaign volunteer so momentum will build.
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Reply to the comment left by "Trendo " at "05/08/2015 - 21:25":

They are starting in London first - squeeze the cash cow for all it's worth. The flats that have sprung up over the last six years or so have always sold like hotcakes. They were also snapped up by buy to let investors (landlords) and rented out. Believe me, in London, people would be clawing at each other to rent one! There has been such a shortage that Londoners will definitely rush to rent, especially as London is impossible to buy now.

My point is that they will not build these hideous blocks in the areas of deprivation - the rental return will not be as high.

You're right about the aesthetics - but Assetz for Investors were always sending me such new build monstrosities in Liverpool and areas up North - rental capitals.

And yes, reminds me of 1960s social housing, hence my remark.

Oh, the Tories know exactly what they're doing, and they'll stamp us all out to do it. That Eaton education is not wasted; they're out to shaft us all.

Reply to the comment left by "BTL INVESTOR SCOTLAND" at "05/08/2015 - 19:55":

Kathy: the petition was NOT started by Mark A. We are all supporting it.

Connie: thanks, but I was just the messenger.

BTL IS: thanks for your links in the post I am replying to, which I’m looking at.

I don’t know WHY on earth the govt think this budget proposal will be a good move. Whether there’s an ulterior motive other than helping to fill the budget deficit (the real reason why interest rates are low)…. such as paving the way for wealthy incorporated big business LL party sponsors to benefit, I don’t know. But given the likely impacts on the PRS, it sure ain’t for the benefit of the tenants!

Sorry for being flippant, but if they wish to defy the laws of economics why don’t the govt just bring in a house PRICE cap? For me and other professional individual 24/7/365 service providers in the PRS, there is limited benefit for capital value increases. In our lifetimes anyway. Like Ros, I don’t outsource or use estate agents other than accountant and tradesmen. Then again am not criticizing those who do: Business is business, or at least it used to be.

I still think that this may come to a point that if the govt and anti-privatelandlord ‘think tanks’ (who now mistakenly think they are best buds with George all of a sudden) don’t start to see logic and inevitable consequences, that ultimately a legal challenge above govt level may have to be considered?

Reply to the comment left by "Mark Alexander" at "05/08/2015 - 21:51":

Great Mark.
I had answers from two councils I sent the emails to yesterday - Cardiff County and Caerphilly county and both were nicely written personal emails to me saying they had passed my emails to those in charge of private housing.
It was a shame we had the distraction earlier this evening of learning about the Government's possibly Machiavellian plans (although we need to know), because today has been very positive and it would have been nice to celebrate a bit more. Because this is a wonderful step for you to be invited up to the Treasury. We have to be realistic and of course it could just be lip service, but it is an opportunity that I didn't think would come our way. It felt a lot of the time like we were a few voices in the wilderness and no-one was listening, but it goes to show how important all the different contributions people make are. Things are coming together nicely.
I'd like to see the Press taking up our points of view more now. They still tend to repeat the nonsense of this just meaning people who get 40 or 45% tax relief will now only get 20%, instead of saying everyone currently can deduct all their finance costs and in future they won't be able to [did I get that right? Lol]

The Financial Times has just reported that our next PM a Mr Corbyn will extend the Right to Buy scheme to tenants of the private rented sector

Reply to the comment left by "Mark Shine" at "05/08/2015 - 21:55":

No, I am grateful that I am now in the know. The sarcasm was at the government, not at you. It actually all makes sense now - the freeing up of pensions, too, as they mean for people to invest in this! The move on the mad tax - it all makes sense and must have been hatched years and years ago. This means that they don't care about the impact really, which is outrageous!

Reply to the comment left by "Trendo " at "05/08/2015 - 21:15":

Hi Trendo

I agree that this is a very useful example because it shows the effect on someone who has only one rental property. There must be a lot of people in that situation.

He is not a fat cat with a big portfolio that he snatched from under the noses of prospective owner-occupiers. He is a person "with a little property", which George patronisingly approves of.

Reply to the comment left by "Connie Cheuk" at "05/08/2015 - 22:07":

I'm not sure Connie. As I mentioned I do suffer from naivety (or naivete, perhaps if one has been educated at Eton), but I'm not sure they're clever enough to plan these things so far ahead. I think it could still be a bit of a last-minute, stupid idea spurred on by Mark Carney's comment a week before the election that BTL was getting overheated and if something wasn't done it could bring about a house price crash, as it was considered to be vulnerable, somehow (can't remember how he put it), and I think that gave Osborne and/or his cronies the idea of bashing the landlords, to look like he was addressing the BoE's concern and raise money and score political, anti-landlord points at the same time. I think he didn't and still hasn't thought through the implications as the man is so damn busy. You can't move for seeing all the different things he's up to. He probably gave the issue about 5 minutes of his time.
Anyway, as I say, I am a gullible type, but I also know that sometimes when we suspect a conspiracy we credit the other side with more intelligence than they actually possess.

Reply to the comment left by "ray selley" at "05/08/2015 - 22:02":

Bloody hell Ray. How on earth is that going to work?