Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 9 years ago 9619

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Budget 2015 - Landlords Reactions

The concern is;

Budget proposals to “restrict finance cost relief to individual landlords”Summer Budget 2015 - Landlords Reactions

To calculate the impact of this policy on your personal finances download this software


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Manchester Landlord

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8:35 AM, 13th August 2015, About 9 years ago

I have just email Glenn Armstrong, Property Investors Network and Manchester Property Networking to send an email out to their client databases a link to the petition plus encourage people to contact their MP's. Between them they must have thousands of contacts.

I'll let you know how it goes.

Manchester Landlord

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8:38 AM, 13th August 2015, About 9 years ago

Interestingly I had a lengthy email conversation with a Conservative MP over the last few days. He agrees with the policy, however, he also agrees that landlords do in fact run businesses. Therefore his views are conflicted. I have asked him regardless of his view point if he could speak to some of the decision makers and at least inform them about some of the unintended consequences of the policy. Awaiting a response.

Mark Alexander - Founder of Property118

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9:43 AM, 13th August 2015, About 9 years ago

My consultation with The Treasury has been moved to 11:30 am on the 20th August.
.

Mark Alexander - Founder of Property118

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9:45 AM, 13th August 2015, About 9 years ago

12,224 signatures on the petition 🙂
.

Trendo

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11:36 AM, 13th August 2015, About 9 years ago

Mark Alexander - Founder of Property118

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11:48 AM, 13th August 2015, About 9 years ago

Reply to the comment left by "Trendo " at "13/08/2015 - 11:36":

Excellent article, and if people search Google for "Landlord Tax Levy Campaign Group" the first thing they find is this link >>> http://www.property118.com/landlord-tax-levy-campaign-group-budget-2015/77087/

A Google search to "saynotogeorge" is also very effective.
.

Appalled Landlord

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12:13 PM, 13th August 2015, About 9 years ago

Reply to the comment left by "Trendo " at "13/08/2015 - 11:36":

Hi Trendo

It’s a pity he didn’t encourage agents to inform their clients though.

It’s a also a pity he didn’t provide a link to Property118’s Landlord Tax Levy Campaign Group this time, like he did two days ago:

https://www.lettingagenttoday.co.uk/breaking-news/2015/8/landlord-tax-levy-campaign-group-launches

In that he pointed out that the letter to send to local authority chief executives still shows the petition has 5,500 signatures although it now has more than double that number.

Mark, could that page be updated now to “over 12,000” and then updated every time the figure goes up by a thousand?

Mark Alexander - Founder of Property118

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12:19 PM, 13th August 2015, About 9 years ago

Reply to the comment left by "Appalled Landlord" at "13/08/2015 - 12:13":

Text updated as follows ....

"The petition achieved its initial target of 10,000 signatures within just a few days, this guarantees a response from Government. The next target is to achieve 100,000 to pressurise a debate in Parliament."
.

Manchester Landlord

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12:28 PM, 13th August 2015, About 9 years ago

Mark,

When you do go to the treasury meeting they are obviously going to have to come up with alternative proposals to save face. Why not suggest to restrict the buy to let market there should be a maximum of say 5 or 10 buy to let mortgages across all institutions for any one person. This at least allows them to say that they are controlling the expansion of the industry.

Trendo

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13:09 PM, 13th August 2015, About 9 years ago

Reply to the comment left by "Neil Allen" at "13/08/2015 - 12:28":

... what happens to those who have more than 5 or 10 ?

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