Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “Ros .” at “04/08/2015 – 17:24“:

As promised, this is the response I received from the DPS to my email.

The Deposit Protection Service (The DPS)

Thank you for your recent email.

Unfortunately we are unable to circulate the petition however, our monthly Open House communications provide a general update on legislative changes.

Should you require any further assistance, please do not hesitate to contact this office.

Yours sincerely,

Kate Pettitt

Senior Administrator

The Deposit Protection Service (DPS)

T +44 (0)330 303 0030
The Pavilions, Bridgwater Road, Bristol BS99 6AA, United Kingdom
http://www.depositprotection.com

Has anyone talked to My Deposits etc?
If they take a more positive attitude, I’m happy to switch provider.

Reply to the comment left by “BTL INVESTOR SCOTLAND” at “04/08/2015 – 14:29“:

The following is a very useful statistic from Corbyn, we need to use it …

“For every £1 spent on housing construction an extra £2.09 is generated in the economy, and ensuring we have a supply of homes for social rent is the only way in the long run to keep the housing benefit bill down.”

I’d love to know the source of that but even if we can’t find it I suppose we could quote him.
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Mark Alexander recently posted…The Mortgage Works – You need to know about this risk if prices fall !

Reply to the comment left by “BTL INVESTOR SCOTLAND” at “04/08/2015 – 16:58“:

Excellent facility, I’ve set up alerts for ‘landlord’, ‘buy to let’ and ‘finance cost relief’
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Reply to the comment left by “Mark Alexander” at “04/08/2015 – 18:47“:

Mark – there will be a lot of useful information about housing construction on the House Builders Federation website.

http://www.hbf.co.uk/

For example, in the press release page:

http://www.hbf.co.uk/media-centre/news/view/nw-house-builders-providing-much-more-than-homes-as-huge-additional-benefits-are-revealed-1/

They are on Twitter.

I have had a reply from John Stewart of the Residential Landlords Association:

Dear Ms Cheuk

Thank you for contacting our Chairman, Alan Ward, regarding the changes to MIR. The RLA has raised the very real concerns of our members, and the wider private rented sector, with Government.

One of our directors has had the opportunity to raise the issue directly with Chancellor, who has made it clear that he will not reverse the policy. The Chancellor did, however, invite research from the RLA on the impact of the changes and we are already working on a proposal for this. We have carried out a survey of landlords to assess the impact of the changes, not just on landlords, but also on tenants through rising rents and reduced repairs and maintenance, and on housing supply. Over 2,000 responses have been received and we will be publishing full results soon and will make representations to the Treasury urging a proper review of the impact of the policy before implementation.

Our Policy Director has today met with Treasury officials who reinforced the Chancellor’s position. Attention must now turn to how the impact can best be mitigated, and we will be submitting proposals to the committee stage of the Finance. This will be a key priority for the RLA campaign team going forward. We strongly feel that rather than supporting the PRS to provide the vital homes needed to support a flexible labour market, these measures will choke off supply and drive up rents. We feel that it is time that the Treasury recognise residential landlords as a business and not just investors.

The MIR change is one of a number of Government proposals that will impact the sector and place further pressure on landlords. The RLA will continue to work to achieve the best possible outcomes in what is proving to be a very challenging policy environment.

Yours sincerely

John Stewart

Policy and Communications Manager

Residential Landlords Association

[email protected] | 0161 962 0010 | http://www.rla.org.uk

John Stewart ([email protected])

Reply to the comment left by “Connie Cheuk” at “04/08/2015 – 19:13“:

Thank you for sharing that Connie

Reply to the comment left by “Connie Cheuk” at “04/08/2015 – 19:13“:

Very defeatist of them isn’t it?

I wonder why the RLA haven’t consulted with us?

They certainly can’t accuse us of failing to reach out to them can they?
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Reply to the comment left by “Connie Cheuk” at “04/08/2015 – 19:13“:

Hi Connie,
I’ve been debating weather to join the RLA or NLA for some time now.
I think your post has just made my decision a whole lot easier.

Reply to the comment left by “Mark Alexander” at “04/08/2015 – 18:47“:

Hi Mark

The quote is on Red Brick.

https://redbrickblog.wordpress.com/2015/08/04/jeremy-corbyn-mp-on-housing/

Reply to the comment left by “Dom ” at “04/08/2015 – 19:22“:

I believe RLA is better organisation to join.