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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NW Landlord

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9:29 AM, 5th December 2016, About 8 years ago

When we need more housing and there is crisis good old George and his assault on buy to let it is hitting house builders 20% reduction on reservations yet again this was obvious and ignored just can't get my head round why u would want to choke off supply when housing has never been needed more. We need more house builders to come forward and work with us as this may resonate with the fools in London

https://www.landlordtoday.co.uk/breaking-news/2016/12/housebuilder-sees-demand-slump-following-extraordinary-attack-on-buy-to-let-landlords

Old Mrs Landlord

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10:28 AM, 5th December 2016, About 8 years ago

Reply to the comment left by "NW Landlord" at "05/12/2016 - 09:29":

So where are all the first time buyers and owner occupiers that buyers-to-let were allegedly unfairly outbidding before the playing field was levelled by G. Osborne?

TheMaluka

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10:37 AM, 5th December 2016, About 8 years ago

Reply to the comment left by "Old Mrs Landlord" at "05/12/2016 - 10:28":

LOL. I assume that was a rhetorical question for I believe we all know the answer.

Old Mrs Landlord

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10:47 AM, 5th December 2016, About 8 years ago

Reply to the comment left by "David Price" at "05/12/2016 - 10:37":

Of course, tongue in cheek. Perhaps I should have put 'levelled' in single quotes to avoid any possible misunderstanding but didn't think it necessary on this forum.

Simon Hall

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15:11 PM, 5th December 2016, About 8 years ago

https://www.lettingagenttoday.co.uk/breaking-news/2016/12/labour-mp-suggests-buy-to-let-tax-breaks-for-longer-tenancies

"Labour MP suggests buy to let tax breaks for longer tenancies" Have a look at David Gauke's reaction.

Kathy Evans

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16:45 PM, 5th December 2016, About 8 years ago

Reply to the comment left by "Simon Hall" at "05/12/2016 - 15:11":

What amazes me is how anyone can think that just living in a property and having all the repairs and redecoration done for you and in most cases not lifting a finger to keep it in good condition should entitle you to a discount on the price. Perhaps the playing field should be levelled by giving home owners a discount on their mortgages if they keep the property for more than 5 years ... at least most of them will have paid for repairs and maintenance.

Sean Graveney

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18:04 PM, 5th December 2016, About 8 years ago

I'm very far from saying that anyone should get a discount on any property but tenants do pay for their repairs and maintenance via their rent.

Old Mrs Landlord

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18:26 PM, 5th December 2016, About 8 years ago

Reply to the comment left by "Kathy Evans" at "05/12/2016 - 16:45":

Kathy, I read it as suggesting the government give some incentive to landlords for granting long-term tenancies, rather than discounts to tenants.

Dr Monty Drawbridge

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18:49 PM, 5th December 2016, About 8 years ago

I'd be very happy with longer more secure tenancies for good tenants in return for:

1) a more German style of taxation:
2% depreciation a year (on the purchase / build cost)
All finance and maintenance costs tax deductible
No CGT after 10 years
No / negligible inheritance tax

2) plus a faster, cheaper and more reliable way of dealing with tenants in breach.

So many landlord haters seem to aspire to the "amazing German system". They don't realise that Germany looks after its landlords.

Old Mrs Landlord

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20:31 PM, 5th December 2016, About 8 years ago

Reply to the comment left by "Dr Monty Drawbridge " at "05/12/2016 - 18:49":

What is more, according to our German nieces and their partners, renting in Germany leaves a lot to be desired from the tenants' point of view too, though we haven't discussed specifics.

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