Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “David Gill” at “02/08/2015 – 11:29“:

David Gill – 56 of the 59 MPs in Scotland are SNP MPs. They will want to make their voice heard in Parliament. I have raised the matter with my SNP MP and await a response which clarifies the SNP position.

Mark Alexander – here are a few more slogans for you to use on Twitter:

Say YES to Fair Taxation – Sign Petition Now
https://petition.parliament.uk/petitions/104880

Say YES to Fair Taxation – Sign Petition Now https://t.co/YK2Dixwo7d

— Mark Alexander (@iAmALandlord) August 2, 2015

Tax Income, Not Debt – Sign Petition Now
https://petition.parliament.uk/petitions/104880

Tax Income, Not Debt – Sign Petition Now https://t.co/YK2Dixwo7d

— Mark Alexander (@iAmALandlord) August 2, 2015

Don’t Force Landlords to Sell Up – Sign Petition Now
https://petition.parliament.uk/petitions/104880

Don’t Force Landlords to Sell Up – Sign Petition Now https://t.co/YK2Dixwo7d

— Mark Alexander (@iAmALandlord) August 2, 2015

Say Yes to Fair Tax System and Encourage Investment in Housing
https://petition.parliament.uk/petitions/104880

Say Yes to Fair Tax System and Encourage Investment in Housing https://t.co/YK2Dixwo7d

— Mark Alexander (@iAmALandlord) August 2, 2015

Reply to the comment left by “Mark Brown” at “02/08/2015 – 11:16“:

Hi Mark

Not all landlords will simply be able to increase rents, as one member of the NLA pointed out in reply to its Chief Executive Officer’s comment “This move does nothing to support wider housing provision and will ultimately make Mr Osborne responsible for adding £840 per year – or £70 per month – to rents”, at:
:
http://www.landlords.org.uk/news-campaigns/news/update-nla-budget-briefing-july-2015

The very first comment below that views the problem from the point of view of landlords whose tenants are on housing benefit. It reads:

“Submitted by 9994 on 8 July 2015 – 8:57pm.
Richard Lambert’s comments are all very well but not all of us can pass on these costs to the tenants.

What if you are a landlord in a very tough market such as Stoke-on-Trent where rents have not moved for 10 years? Indeed, at the bottom end where tenants are receiving housing benefit, we as landlords have not only seen the majority of payments shifted from direct-to-us but direct-to- the tenant (with all the associated moral hazard which that entails) but also have seen the local authority reduce the previous “DSS” payment to “LHA”.

No longer can one get £400 pcm on a 2 bed terrace – rather £350. How on earth can I stick £70 pcm onto this ? Simply, I cannot.

Nevertheless, there are 1000s of good responsible LLs out there providing an essential service to this country (given the well publicised lack of social housing not provided for by successive governments). We should be being encouraged and supported NOT clobbered left right and centre by such measures.”

Hear hear! The government controls the amount of housing benefit that these landlords receive. By imposing a levy on finance costs, which landlords will not be able to pass on to their tenants, the government is attacking the very people it relies upon to house the poorest members of the population. Brilliant!

Reply to the comment left by “Connie Cheuk” at “01/08/2015 – 23:23“:

Not a useful thing to do I suspect, Connie.

Corbo wants, for example, to give all tenants the Right to Buy, with subsidised mortgages.

See:
http://islingtonprivatetenants.org.uk/transcript-of-jeremy-corbyns-ten-minute-motion-regulation-of-private-rented-sector/

Some of the statements of fact he makes are simply untrue.

Signed btw.

Reply to the comment left by “Martin Silman” at “01/08/2015 – 17:45“:

Martin,

“At the start of the process we have about 26.5M homes, at the end of the process we will have about 26.5M homes, so there will be no more homeless people than there are now”

The UK population is predicted to increase by 3 million (ONS) by the end of this process in 2020.

Where will they be housed?

Landlords have hitherto been responsible for building 57 percent of new builds.

How many landlords will be buying new builds now?

Any landlords mad enough to be still buying (and I might be if the price is very right), will be troughing out on the existing BTL stock.

Reply to the comment left by “BTL INVESTOR SCOTLAND” at “02/08/2015 – 11:59“:

Done – see your last comment. I’ve embedded the Tweets into that 🙂
.

Reply to the comment left by “BTL INVESTOR SCOTLAND” at “02/08/2015 – 09:38“:

Slogan for today …

#Landlords Fight Back Against Budget #Tax Plans – Get Involved – Sign the Petition https://t.co/YK2Dixwo7d

— Mark Alexander (@iAmALandlord) August 2, 2015

.

Can some one let me have the link for the PDF file please?

Reply to the comment left by “Barry Fitzpatrick” at “02/08/2015 – 12:37“:

Link as requested https://www.property118.com/wp-content/uploads/2015/07/All-you-need-to-know.pdf
.

Reply to the comment left by “Mark Alexander” at “02/08/2015 – 12:38“:

Hi Mark

Not very encouraging. 96000 odd people have read this thread, yet only 6000 odd have signed the petition.

Are the rest of these readers tenants, property dreamers or those thinking that they are not going to be affected and so do not care. At this rate, I am afraid, the 100000 signatures may not materialise. Shouldn’t we better start directing effort and attention towards educating and devising what strategies people need to start implementing to mitigate the negative effects? For example how would the use of Trusts help. Are there grounds on which to challenge the tax changes in the courts or the European court of human rights on the grounds of unfair discrimination. Shouldn’t landlords start issuing section 13 notices to focus the attention of tenants and letting agents? Etc.