Summer Budget 2015 – Landlords Reactions

Reply to the comment left by "Jonathan Clarke" at "05/12/2015 - 10:52":

I have to ask - have you ever served a Section 21 Notice and if so has a tenant looking to get social housing ever left on the due date? You know they won't, as nearly all councils will consider that they have made themsleves homeless voluntarily, and thus will not house them. rather they will be encouraged [forced] to go through the whole process, making the Landlord take them to court for enforcement [some do leave on the court's set date] and then wait for the bailiff's. then they move to a bright new council flat at a reduced rate, if they have children.

And don't forget how speedily the government can pass a new law to soothe the presss. Just rmember the dabgerous dogs act.

If any concerted number of Landlords ave simultaneous eviction Notices [Section 21] I bet the immediate reaction of our Politicians [followers, not leasders these days] will be to neaget that clause. You can see it coming, anyway.

I think the way forward for those who wish to carry on providing accommodtion for others at their own risk is to go for Judisical Review of the discriminatory aspects of this legislation. Landlording, of any sort, and by any vehicl, should be considered to be a business and taxed at the same rate.

As for those of you who have chosen to be highly geared and max out your holdngs, well there's a financial and a social gale blowing and you should have take a reef or two in long ago. Thankfully, I decided tne years ago to go for full repayment mortgages to pay off next year.

I would also join any campaign to separate rental accommodation from second homes and foreign buyers. And an impartial test of competence, with a clear time frame to achieve it instead of overnight. We manage 12 flats, so getting to 15 shouldn't be a problem. But why shoul we have to incorporate?

Luck favours the prepared mind. We need to be very well prpeared for the amount of luck we are going to need to get out of this attack on individual landlords.

Reply to the comment left by "Chris Cooper" at "05/12/2015 - 11:44":

Hi folks,

i just spoke to Chris Cooper and hes not a suitable case sudy

What we are looking for is as follows

A BBC Tv news journalist for BBC south east has been given the go ahead by her boss to do a story on how the tax changes are affecting landlords and tenants in the area her program will be aired ie Kent and East Sussex . . Are you in the right area ?

We need a good sob story about how tenants will be affected by these changes - sadly no one gives a stuff about how landlords are going to make less money, but they care much more about tenants being kicked out and especially if its because the landlord is going bust because of clause 24 even better .

Filming is starting next week If we could find vulnerable LHA tenants who will be in B and B because of this , that is the kind of story we are ideally looking for . We are trying to position this as decent landlords having no choice but to evict long term / vulnerable tenants or face bankruptcy .

Can you or anyone you know help ? They need to be Kent and East Sussex based .

all the best ,

Charmaine

Reply to the comment left by "Charmaine ******" at "05/12/2015 - 14:28":

Well - the position we are putting forward is the position of a lot of landlords - isn't it?

Reply to the comment left by "Jonathan Clarke" at "05/12/2015 - 10:52":

I have to ask - have you ever served a Section 21 Notice and if so has a tenant looking to get social housing ever left on the due date? You know they won't, as nearly all councils will consider that they have made themsleves homeless voluntarily, and thus will not house them. rather they will be encouraged [forced] to go through the whole process, making the Landlord take them to court for enforcement [some do leave on the court's set date] and then wait for the bailiff's. then they move to a bright new council flat at a reduced rate, if they have children.

And don't forget how speedily the government can pass a new law to soothe the presss. Just rmember the dabgerous dogs act.

If any concerted number of Landlords ave simultaneous eviction Notices [Section 21] I bet the immediate reaction of our Politicians [followers, not leasders these days] will be to neaget that clause. You can see it coming, anyway.

I think the way forward for those who wish to carry on providing accommodtion for others at their own risk is to go for Judisical Review of the discriminatory aspects of this legislation. Landlording, of any sort, and by any vehicl, should be considered to be a business and taxed at the same rate.

As for those of you who have chosen to be highly geared and max out your holdngs, well there's a financial and a social gale blowing and you should have take a reef or two in long ago. Thankfully, I decided ten years ago to go for full repayment mortgages to pay off next year, partly due to ageing and also due to distruct of the government's ability t control either the economy or the financial sector.

I would also join any campaign to separate rental accommodation from second homes and foreign buyers. And an impartial test of competence, with a clear time frame to achieve it instead of overnight. We manage 12 flats, so getting to 15 shouldn't be a problem. But why should we have to incorporate?

Luck favours the prepared mind. We need to be very well prpeared for the amount of luck we are going to need to get out of this attack on individual landlords.

Reply to the comment left by "Chris Brown" at "05/12/2015 - 14:03":

Yes I have served many Sec 21`s. Different councils react differently and at different stages over the course of the last 16 years I`ve been a landlord. Some rehouse on the strength of a Sec 21 if you show ` real intent`. That could be selling the house or you need it for a family member etc. I agree they dont all act the same but you can force their hand if you do it in a certain manner

The council can advise them on the law but should not tell them to stay as a matter of course. That is not their role. I know they do tell them to stay and then deny they do so.

A degree of tenant cooperation is required I agree, Many of mine would support this action because they know if the LL`s are taxed to extinction the inevitable will happen anyway and they would prefer it to be at the time of their choosing rather than at 6am one morning when the bailiffs come.

If a tenant hands back the keys to the landlord on the allotted day when the Sec 21 expires they are just complying with a lawful notice. They cannot be criticised for doing that. They then go up to the council and the council has an obligation to rehouse.

The council cannot say to the tenant that they have made themselves voluntarily homeless because they haven’t. They refer the council to the Sec 21 notice. They now have no where to go and are on council premises . The council has a lawful duty to rehouse that very day.

If the action is coordinated then the government has to act. They cannot let hundred of families sleep on the streets
.

Reply to the comment left by "Charmaine ******" at "05/12/2015 - 14:28":

Hi Charmaine. I think a problem we have is that there are a lot of portfolio landlords on this website. If you want the email addresses Alan Ward at the RLA and Richard Lambert at the NLA, let me know and I can give them to you. They could then be asked if they would be willing to send something out to their members - they are bound to have some who could fit the criteria.
It would be really great to get this story covered on the TV. It could even then be picked up the BBC nationally. So, come on everyone in the south-east: try and think if you know anyone who meets the criteria - I know it's tricky especially because of the need for it to be the one location. Charmaine is trying to get something really good done here.

Thanks Ross, ,

Come on everyone , we must between us all know of someone in Kent and East Sussex who's one or two mortgaged buy to let's will be unviable / Cash negative once these changes bite ? Even if its not you , do you know anyone who fits the criteria??

Alternatively , how can we ask her to present this as an interesting newsworthy item - simply saying landlords will have to pay more tax, or even pay tax on ficticiuos profits , is not an interesting enough story to the general population.

We have an opportunity here, a journalist and a film crew available to us . Can we use our collective brains to use this chance to our maximum advantage ..........

Please get in touch with yor ideas and remember the subject needs to be property in Kent and East Sussex

Thanks to you all.

Charmaine

Reply to the comment left by "Charmaine ******" at "05/12/2015 - 16:55":

We use landlords' financial statements post Clause 24 to show the immediate need for them to increase rents, and from that demonstrate the financial impact (higher rents) or social impact (eviction to facilitate a sale) upon theirs and other tenants... And then further from that councils.

http://www.landlordzone.co.uk/news/tenants-leave-landlord-distraught-with-trashed-property

I hope Osborne will compensate this landlord.

In this article, they talk about "a contingency fund to cope with the additional risks and costs is vital."

How we can build contingency fund to cope with these issue post 2017 as most of it will be taken up by new taxation.

Reply to the comment left by "Gareth Wilson" at "05/12/2015 - 17:15":

Good idea Gareth. Although the public may not be concerned about landlords' plight, the statements will show evidence that there is an imperative to raise rents, or evict because we do not have a choice. Of course there will always be some members of the public who will blame the "greedy landlord" under any circumstances. We need to ignore those people and keep on persevering - no other choice really.