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: 280 - Articles: 11
8:25 AM, 7th August 2015, About 11 years ago
Slogan for today:
After tax losses are unacceptable. Scrap the Landlord Tax Levy Now.
Member Since July 2013 - Comments: 20
8:37 AM, 7th August 2015, About 11 years ago
Hmmm, tried to send it to the local MP via suggested route but got a message of “Your message is a bit too long for us to send”??
Member Since July 2015 - Comments: 280 - Articles: 11
8:40 AM, 7th August 2015, About 11 years ago
New slogan:
Budget attack on landlord taxation will reduce economic activity
Member Since November 2013 - Comments: 185
8:42 AM, 7th August 2015, About 11 years ago
Not sure whether this has already been shared but here it is just in case:-
http://www.insidepropertytoday.com/buy-to-let-landlord-heres-what-to-do-now/?pref=nhp&utm_source=NHP+Contacts&utm_campaign=0fcebd0c53-Nethouseprices_Newsletter_Intus_AUGUST_6_2015&utm_medium=email&utm_term=0_23a08fd740-0fcebd0c53-133280729
Member Since July 2015 - Comments: 280 - Articles: 11
9:09 AM, 7th August 2015, About 11 years ago
Please note this article with quotes from Paul Smee, Director of the Council of Mortgage Lenders.
http://hamag.co.uk/latest-news/buy-to-let-not-a-saint-not-a-sinner
May be good idea to send him some examples of how landlords will be affected.
Member Since July 2015 - Comments: 280 - Articles: 11
9:15 AM, 7th August 2015, About 11 years ago
Note article about the growth of private renting and decline in home ownership.
http://www.insidehousing.co.uk/business/finance/private-rented-sector/prs-numbers-increase-as-home-ownership-falls/7011195.article?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60
Member Since September 2016 - Comments: 2533 - Articles: 73
9:15 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “raj beri” at “07/08/2015 – 08:37“:
Hi Raj.
What I do is just google eg. ‘John Smith email address.’ And if it’s a common name add ‘MP. Then it is easy to paste it into your email account and send it from there. You haven’t got to worry about the length of the email that way. Let me know when you manage it and the name and constituency of your MP. Thanks a lot.
Member Since May 2014 - Comments: 145
9:23 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “G Cox” at “06/08/2015 – 23:16“:
Hello G,
I don’t think we should be frightened about talking about our “perceived tax benefits” at tax rates of 40% and 45%. It’s not our fault that we pay 40-45% tax, you could use your point for all business’s from Bed & Breakfast, Hotels, to child nurseries etc. As already mentioned there are far, far better ways to control the overheated property market.
Higher lenders LTV on new BTL’S
Greater percentage rate cover of rental income to loan repayment. Say 140% rent cover
Make BTL’s capital and repayment only
Reduce loan terms down to 15 year periods.
Completely ban the BTL mortgage and go back to Bank lending. Yukk!
Build more houses.
Re introduce tax relief for first time buyers, say 20% tax relief on mortgages up to £200,000
Abolish stamp duty up to £250,000
Also don’t forget that LTD companies have the opportunity to only pay corporation tax at 20% and then REINVEST their residual profit say by buying another rental property. Thus they have an alternative gearing advantage over sole trader landlords.
Member Since July 2015 - Comments: 280 - Articles: 11
9:23 AM, 7th August 2015, About 11 years ago
Note article about thousands of tenants being evicted each year as landlords properties are repossessed. The 6,800 figure mentioned in the article is likely to rise as a consequence of the summer budget.
http://www.24dash.com/news/housing/2015-08-06-Thousands-of-tenants-face-eviction-at-short-notice-Citizens-Advice
Member Since September 2016 - Comments: 2533 - Articles: 73
9:23 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “KATHY MILLER” at “07/08/2015 – 08:06“:
Hi Kathy. I haven’t got a problem with some of these, as long as the landlord was also protected from tenants from hell (probably no proposals on that!).
But the ‘right to buy’? Someone said that the proposal was that they would have the right to buy after 3 years at a 30% discount. If that happened with my South Wales valleys houses it would be like this:
I bought house for, say, £50,000
I put down a deposit of £7,500 (plus costs, admin, mortgage fees, extensive works to bring up to scratch and so on)
I let it to someone for 3 years (they maybe don’t even pay all the rent – not sure if there would be a clause about that)
I then have to sell it to the tenant for £35,000.
I’m sure we’d all jump on that business model.
We’d just sell before all that nonsense (although that would be tricky as there are not many buyers with deposits and credentials for mortgage companies in these areas).
All this meddling by politicians and others who know nothing about our business is getting on my t*t.
But I think I’ll choose not to worry about Jeremy Corbyn yet. One battle at a time.