Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 10 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

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Dr Rosalind Beck

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23:48 PM, 6th October 2015, About 9 years ago

Reply to the comment left by "Manchester Landlord" at "06/10/2015 - 21:35":

Hi ML.
Could you paste here exactly what John Redwood said? I'd like to know so we can gauge whether we can try and get him on board. I think he could be a champion for us. He's an MP, he's well-known and he clearly doesn't agree with the policy.
GO has told everyone he's not for turning ad nauseum - at first the RLA were told it and came away from their meeting with him very demoralised, defeatist even, thinking it was game over. Since then, they've decided to fight it all the way.
The problem for many of us is that we don't live in the Political world (thank God), so we don't know how the games are played. I think now it doesn't matter much that a politician says he will not sway from his path ever - a sniff of controversy and it can turn around overnight. Let's see what happens with the tax credits for example - there is bound to be a shift on that with all the furore. I think it is Game On.

Markb

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0:04 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "Ros ." at "06/10/2015 - 21:22":

Jeremy Hunt said the same as John Redwood - in so much as it will become law! It is a done deal unless the Public Bills Committee intervene.

Jeremy Hunt is not given to saying utterly stupid things (except that you parasites should work harder like his chineese wife or an American)... Any way, he looked at me and winked and said "Mark, governments don't loose Finance bills - this is going to become law"

"Tenant Tax" is our only hope and we need to crowd fund advertising of the impact of the Tenant Tax and organise as a movement rather than send a few very supportive posts and tweets between ourselves..

Bill Morgan

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1:09 AM, 7th October 2015, About 9 years ago

Applying logic i think the whole thing is going to back fire.The poor will not be able to find accommodation and then the Council will have to pay for B&B at 3 times the cost.

I have now spent 3 months stressing over this but not anymore. I will just change my BTL portfolio to B&B and then really take advantage of the situation and I will still get all the tax breaks so my profits will rise. i dont even have to bother with all the hassle of limited companies.

The whole thing sounds like financial suicide to me. I really don't understand their thinking.

Let them do it. i don't care anymore

Trendo

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3:02 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "Bill Morgan" at "07/10/2015 - 01:09":

Exactly what defines a "B&B" ?

Does putting a box of cornflakes and 7 pints of milk in the fridge once a week suffice ?!

I rally hope so 'cos that may also get around all the new ridiculous regulation that are on their way as a very nice bonus extra to boot !

John McKay

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5:56 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "Bill Morgan" at "07/10/2015 - 01:09":

Well said Bill! We will adapt and win. Alas tenants will be evicted and the more lefty press will take note. I think GO is in for a very rough ride but we'll win out.

I also wonder if the way he's staged the introduction is to ensure that there will not be mass hysteria and evictions before the next election. However his logic is flawed as it's already started. Landlords on this forum have already served S21's and when the law is passed it'll really kick off.

Poor George, poor Campbell Robb, poor Dan and Betsy.

Gromit

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6:32 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "Ros ." at "06/10/2015 - 23:48":

Ros you are absolutely right.

No senior politician especially one vying for leadership is going to just cave in on a policy, even if he knows it is wrong. GO will keep up this rhetoric until it becomes politically unviable whereupon he'll be looking for a scapegoat to save face. We just need to keep the pressure on, and even step it up.

GO is hoping the his rhetoric will makes us cave in.
THINK AGAIN GEORGE

John McKay

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6:35 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "Barry Fitzpatrick" at "07/10/2015 - 06:32":

You're right Barry. The only scapegoats I can see are HMRC (not very likely they'll have the finger pointed at them), Generation Rent and Shelter. Is it politically possible for a Chancellor to blame charities for his overwhelming cock-up?

MoodyMolls

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7:06 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "Ros ." at "06/10/2015 - 18:53":

Hi Ros

No I cant cut and paste article because it is now blocking me , can someone else here do it?. It was saying how we fill the gap as council houses are limited.

This is another one I would like to look at , can someone post it on here because again I am blocked Thanks
THE EXCHANGE October 1, 2015
The private sector will never solve the UK’s housing crisis
...tended to increase demand, too. For example, as their names indicate, both Help to Buy and Rent...Diane Coyle

MoodyMolls

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7:09 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "John McKay" at "07/10/2015 - 05:56":

Pity we couldnt serve a Section 21 on GO

MoodyMolls

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7:16 AM, 7th October 2015, About 9 years ago

Reply to the comment left by "Ros ." at "06/10/2015 - 18:53":

Totally agree they dont want the low paid and benefit people, which is why I raise the question all the time about where they will go.
Many are on the breadline now and tax credits in 2017 will see the average family 2000 worse off.

When they start housing them in Travel lodges etc,, we will never get the real figures because they will be fudged and labelled as something else.

But I can see down the line the private rents are sky high , they then blame us for that and say that the big boys will drop rents by 10%

Maybe they will create a flat pack town called benefits and send them all there.

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