Summer Budget 2015 – Landlords Reactions

Reply to the comment left by "Ros ." at "17/09/2015 - 23:05":

Wont article 4 make this difficult, and if you have to get planning for something like this in my area , it wont happen with the NIMBy's

Just another thought, is it worth it if they are on benefits and over 21 as the room rate looks pretty low. How do you stop them running away with the gas elect etc... ?
Did they take the room rate away from the under 21's?

We think, it's bad having Tories in power, wait when Corbyn gets in..have a read of this article:

http://www.landlordzone.co.uk/news/how-would-tom-jerry-leave-the-private-rented-sector

Reply to the comment left by "Saeef Khan" at "18/09/2015 - 07:23":

Yes we appear to be sitting ducks for all parties

Reply to the comment left by "KATHY MILLER" at "18/09/2015 - 08:31":

LOL

Reply to the comment left by "Saeef Khan" at "18/09/2015 - 07:23":

I just had a skim of it. The bit that really annoyed me was when he 'stated' that private landlords are less 'responsive' than Housing Associations. Where did he get that fact? It's prejudiced nonsense. One week recently I went down 4 times to let tenants in to rooms they'd locked themselves out of (because of the types of locks the council insists we fit) - one tenant did it twice - and I went down as nice as pie - 9.30 at night for one of them. And no charge. Do Housing Associations do that?
I haven't read the full report yet, but the main thing that concerns me is the 'right to buy' with 11% discount from the landlord, which I read somewhere else. In many of my houses which haven't gone up in value that would mean handing nearly all of my original 15% deposits to the tenants - and how long would they have to have lived there etc. to be eligible? I think there would be a flurry of notices given if there was any hint of this one coming in. My equity in these properties is my pension; I've worked in this business for 20 years and it is my sole means of income. What right has any Government got to take it?
Politicians from all sides have got to get a grip with these ignorant knee-jerk reactions. Because they have no solutions they attack landlords. It's getting out of control.

Reply to the comment left by "Ros ." at "18/09/2015 - 08:53":

We have not got any details of how long tenant supposed to have lived in the house before they do become eligible. However, I believe properties must be sold before Labour comes in power.

As placing flurry of properties on the market at same time will crash the market and ultimately dent any of our profits.

We would need to judge probably by 2018, if Labour is likely to come in Power and that, should be good time to place properties on market.

Reply to the comment left by "Ros ." at "18/09/2015 - 08:53":

I think the 11% discount is intended to be paid by the government from all the extra tax they get from landlords by removing the allowance of the interest relief . This def would include the remaining 20%

I have just sent my submission to scrutiny@parliament.uk as requested with all my details, dated, etc etc.... I can publish it on here but it is about 2.5 A4 pages so may be a bit long for the forum. Could upload as a Word |Doc if I knew how/were possible.

Reply to the comment left by "KATHY MILLER" at "18/09/2015 - 09:02":

It might actually be a double whammy for landlords with the complete removal of the misnamed 'tax relief' paying for the 'Government's' 11% subsidy, an additional 11% directly from landlords and 11% from mortgage lenders - that was what I read - 33% in total. It could just be an empty rumour - I don't want to scare-monger. But after what a Conservative Government has done, we have to stay on our toes. This would constitute a massive expropriation of landlords property on a scale unheard of in the UK. Is anyone aware of any historical period and/or country where such a massive expropriation of the assets of one group, singled-out on the basis of prejudice, has occurred or been proposed before?
NB. I think we need to have some research done at some point to establish the extent of anti-landlord prejudice in the UK. I think one of the landlord organisations should commission an independent research body to do this. It should be quantitative to gauge the extent of the prejudice, qualitative to explore the stereotypes and myths etc. and it should also include a meta-analysis of newspaper reports mentioning the word 'landlord' or 'landlords' and an assessment of how many can be classified as negative and how many as positive. An analysis of the stories reported and for example the adjectives used would be good. I believe we could establish landlords as a discriminated-against group. If we establish this, we can get the Government on equal opportunities and/or human rights legislation. Or we could just roll over and accept it.

I actually think that such research is essential. We could use it in other contexts too - to try and stop the constant and unrelenting attack on landlords via legislation and also to stop organisations like Shelter having free rein to repeatedly cast aspersions about us and spread propaganda in their campaigns and so-called 'surveys.'

(NB. this is a worst case scenario - to be considered - but not unduly worried about - we can't know whether Corbyn would ever get in - things could change right before the next election and a swing could go either way)