Summer Budget 2015 – Landlords Reactions
2:00 PM, 8th July 2015, 11 years ago
9619
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The concern is;
Budget proposals to “restrict finance cost relief to individual landlords”. 
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Budget 2015 Campaign
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Member Since July 2015 - Comments: 438
7:32 PM, 5th August 2015, About 11 years ago
Credit for this post goes to Vanessa Warwick @ Property Tribes forum, which is shared below:
“Hmmmmm! Perhaps this is the real reason landlords have been penalised?
Britain is on the verge of a rental revolution with around £30bn of institutional investment earmarked to build and manage new homes for rent, according to a new report.
‘Funding Britain’s rental revolution’, published by the British Property Federation and law firm Addleshaw Goddard, says the shift towards a professionally run rental market with developments owned by single companies, rather than multiple speculators and buy-to-let investors promises to offer Britain’s nine million renters higher standards, better value and greater transparency with homes purposefully designed for renters.
Institutions such as Hermes, HSBC, RBS and Legal & General, together with developers such as Essential Living are spearheading the new sector. It comes as chancellor George Osborne has reduced tax breaks for buy-to-let investors following a Bank of England warning over the risk it posed to economic stability.”
http://www.24dash.com/news/housing/2015-08-04-Rental-revolution-as-investors-line-up-30bn-for-new-homes#.VcHIb6rvRwY.twitter
Member Since October 2014 - Comments: 282
7:36 PM, 5th August 2015, About 11 years ago
8,100 signatures! Well done, all!
https://petition.parliament.uk/petitions/104880
Member Since September 2016 - Comments: 2533 - Articles: 73
7:41 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Shine” at “05/08/2015 – 19:32“:
Oh my God. We all knew the ‘justification’ didn’t make sense. This can’t be allowed. In any case, where would all the tenants stay in the interim if they lost their homes with us, and the properties weren’t bought up (as they wouldn’t be in many of my rental areas)?
They also wouldn’t want to build their posh houses and ‘apartments’ (i.e. ‘flats’ to you and me) in some of our areas – the local people couldn’t afford to rent them for a start.
It is in any case a damn cheek to suggest that big business can run rental services better than we can with all our years of experience.
Maybe we have another battle to fight – if we do, BRING IT ON!
Member Since January 2011 - Comments: 12193 - Articles: 1396
7:42 PM, 5th August 2015, About 11 years ago
It has certainly been a very productive day.
I hadn’t heard back from RLA following my long discussion with them this morning. The news of their campaign was, therefore, a lovely surprise this evening.
I will follow up with them again tomorrow. I wonder if The Treasury has also invited them to consult – I sincerely hope they have!
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Member Since January 2011 - Comments: 12193 - Articles: 1396
7:47 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Shine” at “05/08/2015 – 19:32“:
The penny has just dropped for me, I think I know where this might be heading.
What’s to bet the Chancellor will allow a tax perk to all landlords who wish to exchange their BTL portfolio’s for shares in these megacorps?
Perhaps a CGT rollover?
NOT ON MY WATCH!
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Member Since October 2014 - Comments: 282
7:50 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “05/08/2015 – 19:41“:
Very likely they will poach the experienced landlords to help them with this. It all makes sense now.
Government control of the entire rental sector. It’s 1984 – and I don’t mean the year.
Member Since July 2013 - Comments: 303
7:51 PM, 5th August 2015, About 11 years ago
Taking all the reasons given by the forum users. The chancellor is desperate for money in order to reduce the UK debt situation.
He knows that in the year/s to come the interest rates have to be increased and as a result he will require additional revenue to service his overdraft.
Member Since September 2016 - Comments: 2533 - Articles: 73
7:53 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “05/08/2015 – 19:47“:
It certainly is interesting, but I think we should find out a bit more – as the temptation will be to go for it being a conspiracy. I would say that since 100,000 fewer houses are being built each year than necessary these other developments could sit quite nicely next to what is already there.
I’m not very good at maths, maybe someone can work out how many homes can be built for 30 billion? It all sounds a bit Orwellian too. Everyone in the same little boxes.
Member Since September 2016 - Comments: 2533 - Articles: 73
7:54 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Connie Cheuk” at “05/08/2015 – 19:50“:
Ha! Connie. Our posts crossed and we were both thinking Orwell!
Member Since July 2015 - Comments: 280 - Articles: 11
7:55 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Shine” at “05/08/2015 – 19:32“:
This was an issue considered in the Montague Report.
https://www.gov.uk/government/publications/private-rented-homes-review-of-the-barriers-to-institutional-investment
And the Government is sharing the risk and providing loan guarantees:
https://www.gov.uk/search?q=build+to+rent
Lots of useful information on this website about private rented sector:
https://www.gov.uk/search?q=private+rented+housing
The institutions will cherry pick the highest demand areas.