Summer Budget 2015 – Landlords Reactions

There is another potential petition that is particularly controversial, but would be highly agreeable to most people here, along with having much greater appeal outside of the landlord community.

I cannot discuss it publically on the forum, however a member not posting under their real name on Property118, who's real name is not associated with any kind of Landlord campaign, would perhaps be ideal to upload it to the Government petition website.

News from Parliament - Short-sighted Government housing policy will not meet objectives:

http://www.parliament.uk/business/committees/committees-a-z/lords-select/built-environment/news-parliament-2015/built-environment-report-published/

Brandon Lewis says there is no evidence H2B pushes house prices up. No course not. But he is a politician, I saw his lips move. Proof of lies! Ask Henry Pryor.

Guardian rebuts that, view, too. Nor keen on selling off council housing. Oh what a surprise.

"For a government so in thrall to market forces, it seems keen to artificially nudge them when it comes to housing. And selling government assets at below-market prices is not the only Conservative scheme that highlights the madness of the housing crisis. Help to buy, which gives new homeowners an initially interest-free government-backed equity loan to buy a home, has artificially inflated the housing market, according to research by the Independent.

Calling the scheme “Willy Wonka economics”, property agent Henry Pryor told the paper: “If you give 10 people extra money to be able to afford to buy five properties, at the end of it all you get is five more expensive properties and five people who still can’t afford a house.” The scheme has been most readily adopted in the east of England, where house prices are rocketing. Purporting to be a lifeline to locked out homeowners, it is simply propping up a market that even the Bank of England accepts is overheating.

When even Tory MPs can't buy homes, how can Cameron deny the crisis?

But if people are buying homes, through right to buy or help to buy, shouldn’t we just bite our tongues and be grateful, rather than griping? No, for one simple reason.

The government is using your money to make other people richer. When councils buy back right-to-buy properties from private landlords, they get richer."

DO WE ALL FEEL RICHER NOW?

http://www.theguardian.com/housing-network/2016/feb/19/councils-homes-forced-sell-right-to-buy?CMP=ema-1703&CMP=

One of the commenteurs on the above mentions:-

In Birmingham, the Bournville Trust is up in arms because they may be forced to sell their homes off. These were homes built by Cadburys to provide cheap, decent housing to working class people. Under the governments scheme, housing trusts like Bournville, will be forced to sell off their homes. The houses are very desirable and it will eventually end up as a middle class ghetto. As the Bournville Trust has said, they are their houses why the hell should any government force them to sell them.

http://www.birminghampost.co.uk/news/local-news/right-buy-could-wreck-unique-10880238

Then what about Clovelly on N Devon cost, whole village is rented out by the LoM.

Anyone seeking advice on how the tax changes will effect their portfolio and a strategy on the best way to invest for your situation moving forward click the link below to get in touch for a brief chat to determine if we can help.
http://www.property118.com/member/?id=7077

Reply to the comment left by "Paul Mahoney" at "19/02/2016 - 22:51":

Paul, these posts are overtly promoting your services, rather than providing helpful information, and 'just adding a contact when the sponsor might be able to assist' as most other sponsors here do. HtH.

Individual PRS LL reactions seem to be 'rents have to go up to survive' and try to traditionally make increases the minimum possible, if at all, to existing tenants. Laudable.

IMV, Corporates, seem to be trying to push the envelope, and report gleefully 'how much they have archived'. Am I right?

I.E.

"New research from the HomeLet Rental Index reveals that Brighton, Bristol, Edinburgh and Newcastle recorded the largest increase in rents last year amongst the country’s largest towns and cities. HomeLet’s annual review of the rental market shows that rents on new tenancies signed last year in Brighton and Bristol were, on average, 18 per cent higher than on new tenancies agreed in 2014, while rents were up by 16 per cent in both Edinburgh and Newcastle. London and Liverpool also fall into the top rental hotspots for 2015, both with increases of 11 per cent.

Meanwhile, the monthly HomeLet Rental Index shows that, on average, rents across the UK, excluding Greater London, were 4.9% higher on new tenancies signed during the final three months of the year than in same period of 2014. The average monthly rent outside of the capital now stands at £739. The monthly index shows the London market up by 8.0 per cent on the final three months of 2014 to an average of £1,523.

HomeLet has ranked the major towns and cities in the UK to produce a league table highlighting growth in average rents for new tenancies over 2015 as a whole:

Top 15 UK towns and cities with highest rental market growth in 2015

Brighton £1,078 £913 18%
Bristol £904 £767 18%
Edinburgh £819 £707 16%
Newcastle £588 £506 16%
Greater London £1,596 £1,435 11%
Liverpool £673 £607 11%
Glasgow £636 £586 £9%
Coventry £754 £699 8%
Leeds £691 £648 7%
Manchester £727 £691 5%
Nottingham £586 £556 5%
Belfast £606 £579 5%
Sheffield £604 £581 4%
Birmingham £675 £647 4%
Leicester £638 £611 4%

Commenting on the report, Martin Totty, Barbon Insurance Group’s Chief Executive Officer, said: “2015 was a year in which rents on new tenancies were up on 2014 in almost every area of the country. While we saw a moderation in the rate at which rents increased during the final months of the year, and even some falls in a number of regions, the sector overall has continued to see strong demand.”

“Beneath the headline figures, HomeLet’s data points to some significant variations in rental market performance in 2014, both from region to region and from town to town. In locations such as Brighton and Bristol, demand for rental property appears to have been particularly strong and rents on new tenancies jumped very markedly. In other areas, we saw slower growth.”

The latest figures from the HomeLet Rental Index reveal that rents on new tenancies agreed over the three months to December 2015 fell in eight out of 12 regions of the UK when measured against the three months to the end of November. The West Midlands and Wales (up 1.0 per cent and 0.8 per cent respectively) saw the biggest increases, while Scotland and Northern Ireland (down 2.8 per cent and 1.8 per cent respectively) saw the biggest falls.

On an annual basis, the monthly HomeLet Rental Index shows that rents rose in 10 out of 12 areas, led by London, where rents on new tenancies signed during the final three months of the year were 8.0 per cent higher than in the same period of 2014, and the South-East (7.0 per cent higher). The North-West of England, where rents were down 5.1 per cent compared to 2014, and Northern Ireland (down 0.6 per cent) were the exceptions.

Commenting further, Martin Totty said: “Rents in London have continued to rise more quickly than in most areas of the country, but not at quite the pace of 2014; meanwhile, average rents outside of the capital rose more quickly last year than in 2014. As a result, we saw a narrowing of the rent inflation gap between London and the regions last year – is this a trend we will see continuing in 2016 from tenants seeking value for money in the private rented sector?”"
http://blog.knightandknoxley.com/?author=2

Do you think we will se the day our rental properties are promoted like this?

http://tours.knightandknoxley.com/24yardleyst.html

(I do wonder if the nocturnal intruder would find such a virtual tour of great assistance, though!)

Reply to the comment left by "Chris Byways" at "20/02/2016 - 08:29":

Hi Chris,

That's an impressive piece of software that they are using.

Like you, I do think that an "enterprising" nocturnal intruder may find it useful. Could give a whole new meaning to "shopping" online.

UK house prices: If only the buy to let surcharge was an April Fool's Joke - instead, it's an attack on entrepreneurial Britain

http://www.cityam.com/234928/uk-house-prices-if-only-the-buy-to-let-surcharge-was-an-april-fools-joke-instead-its-an-attack-on-entrepreneurial-britain