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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Mark Shine

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18:46 PM, 28th November 2015, About 9 years ago

Reply to the comment left by "Ros ." at "28/11/2015 - 17:19":

Ros, one sentence in yr letter was: 'If so, why does it only apply to private landlords with mortgages'*

...in my experience many of which are far more 'professional' and 'customer focused' than incorporated and unencumbered versions.

*I think that sentence in your letter should be repeatedly highlighted to the journalists, the whole electorate, MPs outside GO's inner circle, barristers etc.. and even to that LL hating forum whose members are also very active in the comments sections below every online BTL article.

MoodyMolls

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18:48 PM, 28th November 2015, About 9 years ago

Reply to the comment left by "Gareth Wilson" at "28/11/2015 - 13:57":

They portray us as all money grabbing b******s but anybody who have housed people on benefits will also more likely have suffered

No rent
Smashed up property
Long court evictions
Delays in receiving any money for months
No back dates due to tenants not getting paperwork in
Council losing paperwork

The housing benefit is now much less than market rent

Gareth Wilson

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19:40 PM, 28th November 2015, About 9 years ago

To join the Conservative Party and get a potential vote in their leadership election, before they cotton on: https://www.conservatives.com/join

Manchester Landlord

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19:52 PM, 28th November 2015, About 9 years ago

Reply to the comment left by "Ros ." at "28/11/2015 - 17:19":

Fantastic reply Ros! I struggle to see how anyone cannot empathise with our position.

Somehow it is morally acceptable for Grainger PLC to own 14,000 residential properties, yet it is morally corrupt for joe bloggs to own a couple of properties to supplement his retirement.

That's the great British public for you. We live in a nation where success is a dirty word.

Manchester Landlord

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19:57 PM, 28th November 2015, About 9 years ago

Reply to the comment left by "Chris Cooper" at "28/11/2015 - 18:12":

Chris, I agree a legal challenge should most definitely be explored and I'm sure many on this forum alone would sponsor it. The question is how do we proceed with support from the landlord community as a whole?

Chris Cooper

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20:06 PM, 28th November 2015, About 9 years ago

Reply to the comment left by "Manchester Landlord" at "28/11/2015 - 19:57":

Hi ML, I think we need to explore if a challenge has any merit initially. I will endeavour to find out. Perhaps others here could carry out some research too? If a challenge is possible, then we can let the wider community know what it would entail, and then (if it is viable) seek to raise funds. In the mean time, along side that, we need to spread the word so that more landlords understand the implications of the new measures. And then, hopefully, creating a fund would be easier...

Chris Brown

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23:27 PM, 28th November 2015, About 9 years ago

All of those.
Especially if you own a block of flats, it becomes contagious.

Gareth Wilson

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0:37 AM, 29th November 2015, About 9 years ago

It appears we should be thanking Lana Clements of the Express as well: http://www.express.co.uk/finance/personalfinance/622002/Autumn-Statement-2015-George-Osborne-Buy-To-Let-tax-raid

Her article includes the points we've been trying to convey about rising rents and the handing over of market supply to the cooperates. Notably, the commenters here seem to be thinking a little harder on what GO may be up to instead of indulging in the kind of reactionary landlord-bashing I was expecting to scroll down to.

Dr Rosalind Beck

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9:28 AM, 29th November 2015, About 9 years ago

Reply to the comment left by "Gareth Wilson" at "29/11/2015 - 00:37":

Yes, the Express has been hard to get on side, but this is much more like it. The editor of Personal Finance, Harvey Jones, told me that he hadn't done a lot as he doesn't get a lot of space to work with and he has to cover issues like car insurance which he believes affect far more of his readership.He is also planning one on our issue though, maybe it will be in today's paper (or maybe this one was instead).

MoodyMolls

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11:06 AM, 29th November 2015, About 9 years ago

Nick Sanderson, chief executive of Audley Retirement Villages said: “Today’s announcement of 400,000 new homes is a mark of the Government’s obsession with new builds as the answer to the UK’s housing problem. The policy addresses the symptoms rather than underlying causes of a lack of fluidity in the housing market, most importantly under occupation. Reports show two in five UK homes are under-occupied, of which half are occupied by those aged 50 to 69. Baby boomers are finding themselves stuck in unsuitable housing because of the lack of quality accommodation available. The Government needs to change their policy to consider the whole market and how to provide a greater, more attractive range of choices for older people that in turn will encourage downsizing and free up huge swathes of much-needed family housing.”

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