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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19:41 PM, 28th January 2016, About 9 years ago

Reply to the comment left by "Appalled Landlord" at "28/01/2016 - 19:31":

Ha ha. Yes, they think they're the untouchables - but not if Corby gets in.

Chris Byways

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22:06 PM, 28th January 2016, About 9 years ago

Reply to the comment left by "Ros ." at "28/01/2016 - 19:15":

L&G make the front page of the DT Business section with an initial commitment of £600m. Jolly good show chaps.

Paragon only make page 5, for lending £1,500m to buy to let in last year. Isn't there a certain non-sequitur there?

Of course L&G will be soooooo much better value with their economy of scale. And the agents fees, and running costs, and executives pay, and shareholders, and investors to be paid dividends, or pensioners to be funded to 120.

I never had the benefits of a university education, but would certainly prefer a characterful residence in a small building than a soulless hall of residence, so long as it was safe and a decent landlord.

Simon Griffith

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7:59 AM, 29th January 2016, About 9 years ago

Hi Chris, I couldn't agree more. We used to manage 17 student houses with 70 or so rooms directly competing with a University Halls of Residence and a Corporate Halls of Residence. The vast majority of our tenants spent the first year in Halls and then came to us or other private landlords to get somewhere bigger, cheaper and better managed. They had many horror stories of poor management in Halls. In particular in the Corporate set up - like no broadband for days on end, massive anti-social behaviour, sky high rents and cramped conditions. Most of this University merged with another and so our local student market shrunk - hence we only have 15 rooms now but the same applies. I see no reason why Corporates outside the student market will be any different.

It makes me laugh how naïve the anti-private landlord brigade are regarding the large Corporates. They really do think they will be 'better' and cheaper than the Private Sector. Yet the next minute they will be moaning about Google, Starbucks, Facebook etc not paying enough tax ....because they are large corporates who are under pressure from shareholders to squeeze every last penny of profit from anywhere they can. Private landlords have no such pressure and as a result in the past rarely had an annual review of rents for example. Many tenants have enjoyed the same rent for years on end. This won't happen with the Corporates that's for sure.

Piler

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9:11 AM, 29th January 2016, About 9 years ago

Reply to the comment left by "Ros ." at "25/01/2016 - 14:25":

Hi Ros,

I probably fall into this catagory and if I do it will wipe most of my profit from buy to let, I have been thinking of reducing my salary to keep below and paying the balance into my pension which may help as I,m 58 I can get access to it if needed.

Dr Rosalind Beck

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9:42 AM, 29th January 2016, About 9 years ago

Reply to the comment left by "Mark Page" at "29/01/2016 - 09:11":

Thanks Mark.
I have had a few messages regarding this. Sorry for those I haven't replied to - been a bit busy. I think I may have all I need by way of examples for the moment, but thanks to those who have got back to me.

Gareth Wilson

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22:48 PM, 29th January 2016, About 9 years ago

Dr Rosalind Beck

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23:37 PM, 29th January 2016, About 9 years ago

Reply to the comment left by "Gareth Wilson" at "29/01/2016 - 22:48":

It's interesting that the article refers to 'an effective tax rate' of 3%. Effective tax rates are the only ones that matter and C24 brings in a system where one set of people can face an effective tax rate of an infinite amount... It's a disgrace.

Dr Rosalind Beck

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money manager

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23:25 PM, 31st January 2016, About 9 years ago

Reply to the comment left by "Chris Byways" at "28/01/2016 - 22:06":

I can remember a time when The Pru and Abbey National thought they could teach the estate agency world how to do their business, bought out thousands of independents, burned through shareholders funds like tissue paper and sold out to the orignal owners af few years later for a song. L&G are partners in the English Cities programme and are absolutely not in the property business through any benevolent intent.

ray selley

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23:53 PM, 31st January 2016, About 9 years ago

Reply to the comment left by "money manager" at "31/01/2016 - 23:25":

Not a good comparison.No chance of L and G and co buying our properties for top dollar and then selling back to us at at a loss.

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