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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Rachel Hodge

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8:03 AM, 11th February 2017, About 8 years ago

This may be easier than people might imagine.

I've just searched for "freedom of information" on my council website and have the FoI Officer contact details, including an email address.

Shall we all agree on a list of questions to send?

1. How many people in the area are currently classified as homeless
2. By what number and percentage has the list of people classified as homeless increased in the past year
3. How many people are the council currently housing in temporary accommodation and how much is that costing per week / month
4. How much has the council's expenditure on temporary accommodation increased over the past year
5. What are the reasons for increased homelessness:
eviction from previous rented accommodation
family breakdown / loss of employment / personal circumstances
other
6. What are the reasons for increased use of temporary accommodation:
lack of council housing
lack of private rental housing
increased population
increased rental demand

Please edit and add to the list at will. Would be good to all get out emails this weekend.

H B

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10:01 AM, 11th February 2017, About 8 years ago

Reply to the comment left by "Rachel Hodge" at "11/02/2017 - 08:03":

Given that s24 does not take effect until April, what is the purpose of this FOI request?

They will not answer questions 5 and 6 in all probability.

Rachel Hodge

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10:42 AM, 11th February 2017, About 8 years ago

Reply to the comment left by "H B" at "11/02/2017 - 10:01":

The point is to show that homelessness is increasing and so are demands on the council to deal with that. The reactions to S24 by LLs are going to increase and the problems with homelessness will increase. I've no problem with doing this again next year too.

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19:16 PM, 11th February 2017, About 8 years ago

sent mine - Maidstone, Kent

Rachel Hodge

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20:16 PM, 11th February 2017, About 8 years ago

I've sent mime too. Welwyn & Hatfield.

Neil Robb

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13:41 PM, 12th February 2017, About 8 years ago

Reply to the comment left by "Barry Fitzpatrick" at "10/02/2017 - 15:38":

Hi All

When we say 1 in 5 it really does not sound to bad until you work out that is over 400,000 landlords. Who will more than likely have quite a few houses. I know one of these landlords he did have over 400 houses alone now down to 350.
So how many properties /families are truly going to be effected,

Grumpy Doug

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15:34 PM, 12th February 2017, About 8 years ago

Neil. As in Pareto's Law as has been mentioned by many landlords yet the idiots in charge don't get it. If Gideon had dreampt up a fictitious tax of this magnitude on even the top 1% of tax payers he would have bankrupted the UK in less than a week!! Yet somehow its acceptable to inflict this on the PRS.

On another thread, 400,000 landlords = 2,000,000 houses = 4,600,000 tenants .... to my mind, that's a problem.

They have no excuses, they have all been warned time and time again

Michael Fickling

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17:31 PM, 12th February 2017, About 8 years ago

Basically if you A....) denude the number of rental properties held by private landlords.(who vastly outnumber corporate supply).at the same time as we have B) ....natural poulation growth ......and also C) stir in over 300,000 extra people ( O.N.S stat! ) by way of NET note: NET migration into the uk.....You are going to need at least an EXTRA 200,000 new homes per annum. Now multiply that fig by whatever you choose as the cost of each new house...maybe 150,000 pounds each..??....if you have enough digits on your calculator you will find that the amount of money needed is many, many BILLIONS of pounds EXTRA per annum..Just to deal to these three factors combined. That isnt going to happen...the Gov. cant meet that number of homes per annum...period..fullstop.
There is only one logical outcome because the governement and the corporate sector can not meet that need.........there will be more multiple occupancy development...of existing buildings..in other words the so called "generation rent"..will actually be made worse and become "generation BEDSIT " . That will also be one of the natural outcomes of taxing by mortgage cost (Cl 24)....as financed property will only work well when its made into multiple occupancy.Far from ending genereation rent....they..the Gov. .. will effectively create smaller flats and bedsits and tenants will be paying higher prices for much smaller spaces. If you can be bothered use your calculator..the total cost of meeting the need with new homes would be astonomical. As for the bedsit thing...well thats what happens and what HAS happened around the world in cities where population growth exceeds housing stock and it has to happen here. It would be foolish to expect otherwise. The government has lit a fire under its own housing policy....and keeps on stoking it !

TheMaluka

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1:58 AM, 13th February 2017, About 8 years ago

Reply to the comment left by "michael fickling" at "12/02/2017 - 17:31":

This is not the first time someone has tried to light a fire under the government. I recall a Guy called Fawkes! And look what happened to him.

Whiteskifreak Surrey

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8:50 AM, 13th February 2017, About 8 years ago

This morning in City a.m - pleasure to read! Osborne's bashing, for a change!
http://www.cityam.com/258927/treasury-needs-rebuild-public-trust
Just a snippet:
" an arrogant chancellor brings the charge alive and they don’t come much more arrogant than George Osborne. "

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