Shadow housing secretary accusing Sunak of massive ‘Bung’ to Landlords

Typical landlord hating left wing marxist momentum idiot.

You'd be hard pressed round here to find a rented house that was ever liable for stamp duty. Some of these idiot MPs need to be reminded that the rest of the country isn't London. So why isn't she pressing for a change in law so councils have to build new houses with right to buy money or an end to right to buy to increase social housing (instead of slapping one of the sectors that hasn't had a bail-out)? No doubt she hates all small businesses, too.

abolish social housing--its a giant scam

This person does not really understand that us private land lords are the ones whose filling the rental homes market gap.
The chancellor has done the right thing re stamp duty.
First time buyers may not have enough deposits as the lenders have increased the LTV.
Therefore that would slow the market.
Next most landlords like me were hesitated to increase their portfolio because of all the extra charges and the section 24.
So the stamp duty reduction will change our minds.
In fact it will help all the way round.

So company director.... you already have 1 van .... next one will be plus 3%. You have 1 TV, next one will cost you extra 3%. One car already? Next one 3%. Mr and Mrs you already have 1 Child.... pay extra 3% vat on everything for the next. Fair? This extra tax is purely an attack on the private rented sector. If the social rented sector was fit for purpose then there wouldnt be much of a private rented sector. But as there isn't, we need the private sector (now more than ever) so wheres the sense in killing it? We offer in the main, nicer, more appealing homes for a wide range of people happy with the arrangement. Stop persecuting us. I question the whole idea of subsidised housing anyway. The idea started to house people as a temporary fix who found themselves down on their luck (as per the whole social security system). Now it has become about encouraging the idea - “you owe me somewhere cheap to live” “ its my right that everyone else should pay for my life”. This ‘Great’ Britain has become ‘Take‘ Britain.

nearly all social housing locally goes to foreigners

So what was JENRICK'S reply?

Reply to the comment left by Porky at 13/07/2020 - 11:25
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A reminder if we really needed it that Labour's hatred of landlords and wealth creation generally is as visceral as ever. Only the labour party can turn a policy to maintain an existing 3% surcharge into a "bung to second homeowners."
I don't think many landlords will rush to buy now anyway (so 1.3 billion figure quoted by Labour probably wrong) but in the days when they did, it meant more homes being built not less. Landlord investment provided the crucial early stage financing to encourage developers to start building and a new development thus created would provide homes not only to private renters but also to homeowners and not for profit renting under minimum affordable rules.
Nowdays, what has kept developers afloat in the absence of landlord money has been help-to-buy - arguably one of the biggest and costliest bungs ever (reported in 2018 to be costing the taxpayer £7.5 million per day).

Reply to the comment left by Pradip Thaker at 13/07/2020 - 10:57
Precisely! Somehow the perception is that we landlords have second "homes" for our own holiday use?! We are actually helping SOLVE the housing problem by providing homes for others? Our "second homes" are actually someone else's primary (and essential) homes. I'm not sure even the government quite gets this, let alone the opposition.