Summer Budget 2015 – Landlords Reactions

Reply to the comment left by "Chris Byways" at "29/12/2015 - 11:46":

I never knew that La Manche could smell so perfumed! I recognise the price differentials but within a single domestic market I would rather pay 2.5% than 5%; you can't equate cash sum of a transaction nor the price of a house in the Pas de Calais with one in say Ashford and much less one in the depths of the Vienne with those vast distance alluded to, that's why you can buy a Chateau with land for say e700k which if it was in Sussex would be a) listed G2 at a minimum (I do know about French listing MH/ISMH which allows tax offset for refurb costs on listed buildings) b) cost at least £2m and with probably a lot less land.

Still, we should get back on thread et un Joyeux Noel et Bonne Annee a vous!

The Farce (sic) is strong in this one:
http://www.telegraph.co.uk/news/politics/georgeosborne/12057500/Why-does-George-Osborne-have-a-credit-in-the-new-Star-Wars-film.html

Reply to the comment left by "Mark Shine" at "29/12/2015 - 00:40":

Was at a loose end, so had another quick look at that other C24 obsessed website (I don’t mean Property Tribes btw). Anyway, the self-appointed Messiah has today suggested that I join His wonderful website and debate. Given that His Lordship used the term ‘BTL tw@t’ twice in that same invitation post, I am not sure I would exactly be welcomed with open arms or that sensible debate would ensue?

Some of the great HPC Messiah’s disciples’ posts that followed prove that many of them actually have very little understanding of even the basic detail of C24 and are clearly unable to explain* why one LL with X sized portfolio and Y amount leverage deserves to be crucified whilst a LL with the same X and Y, who happens to be incorporated, does not.

* or being deliberately manipulative on purpose, as you HPC chaps don’t seem to care about the detail… why let the facts get in the way of a good… all you pray for is that C24 provides your Holy Grail – an overdue cyclical market crash (overdue in London and other areas), which C24 is unlikely to provide btw).

THE HOLY GRAIL

would you like to:-

Be able to sell all or part of you portfolio, or buy more instantly?
No hassle of bad tenants, NO rogue governments, no threats of imprisonment or fines for failure to comply with 200+ regulations, no SDLT, Mortgages to arrange, no anarchists denigrating honest effort?

Simple tax at marginal rate, never taxed above earnings?

Savings can be TAX FREE in an ISA or held in a SIPP.

Aberdeen property fund
Ongoing charge 0.82%
No spread, no initial charge
Size £420m

Overall gain for last three years 80%
Last 3 years: Discrete performance: 24.86% 14.84% 15.95%

"Aims to provide long term total return, from a diversified portfolio of property company securities or companies which derive a significant proportion of their revenues or profits from property, or have a significant proportion of their assets in property.Holdings will be concentrated in the United Kingdom, though investment overseas is permitted."

So If a few hundred of the 4 million landlords put £1/2m of equity into a fund, run professionally, for us, would that makes us Alice's darling?

Discuss, please.

According to the Association of Residential Letting Agents (ARA) there are various pieces of legislation coming into play in 2016 which will result in increased compliance costs for landlords, and as a result push up rents for tenants.

‘We urge the Government to re-think its proposals around reducing Mortgage Interest Relief, scrapping the Wear and Tear Allowance and hiking up Stamp Duty by 3% on buy to let properties,’ said David Cox, ARLA managing director.

http://www.propertywire.com/news/europe/uk-housing-rents-prices-2015122911370.html

Read this is paper

Osbo's big sale
GO is on course to sell off more public assets than any chancellor for more than 30 years
He has made 37.7billion in privatisations and intends to sell off another 20bn by the end of the next financial year
A report by the Office For Budget Responsibility predicts he wil have sold off assets worth 98Bn by the next election

Chunk by chunk Britian is being sold out

Reply to the comment left by "KATHY MILLER" at "30/12/2015 - 10:42":

If Alice thinks renting is Sooooo profitable that PRS LLs can subsidise homes (Claws24, come 2020), why doesn't Gov provide low cost rentals?

If it's sooooooo profitable that it needs more and more taxation and regulation, why not get his house building chums (and tory Donors) to give cheap rentals, and at the same time put half of the rent into building a deposit?

But house prices are going to crash, the Anorchists on HPC have spoken, so it must happen.

What do the financial gurus say? HL this morning:-
"Housebuilders

Housebuilders are in a sweet spot at the moment. Rising disposable incomes, record low mortgage rates and government schemes such as Help-to-Buy are supporting house prices. Land price inflation is running at modest levels, supporting margins, cash flows and returns of capital to shareholders. The government is making more public land available for new homes. This should help prevent land prices running away and underpin house builders’ margins.

Changes announced in the Autumn Statement provided further cheer. George Osborne plans to invest almost £7 billion on measures to help people, especially first-time-buyers, purchase their own home. This will include building up to 400,000 homes across England, and extending schemes such as Help-to-Buy.

Labour costs are rising due to a shortage of skilled workers, which is creating some margin pressure. But labour only accounts for a portion of builders’ costs. As long as other costs remain benign and house prices are rising gently, they still ought to be capable of growing profits.

The other issue to consider is the path of interest rates. If rates were to rise quickly, this could have a big impact on mortgage affordability. The housing market probably wouldn’t respond well to that scenario. However, we think it is much more likely that rates will be raised gradually; and perhaps not at all in 2016. This suggests the housebuilders’ purple patch could last a while longer"

Well Alice, those who CAN provide decent homes become Landlords, those who can't, pass dumb laws to take from others - to make their party look good.

Crowd Justice Payment Issues

I have received a response from the Crowd Justice team. Relevant details are:

The issue of certain cards not allowing the donation relates to the policy of the card companies. While we are working to improve this from our end, at this point in time, donors will need to contact their card company about allowing the payment, if there is an issue.
Initially when donors make a pledge, the action is only a pledge. Details are kept at the pledge stage until the card is actually debited. Only the pledged amount will be debited.

Regards, Chris.

Ask yourself everyone, is there anybody I'm yet to tell about the legal fund? Any individual? Any organisation? If we're sufficiently relentless we can have the 50k target safely in the bag by the time the Nation gets back to work on Monday. And what a statement that would be!

https://www.crowdjustice.co.uk/case/clause24/

I have been taken off the thread not getting any email notifications does anyone know how to get back on it ?