Summer Budget 2015 – Landlords Reactions
2:00 PM, 8th July 2015, 11 years ago
9619
Categories:
The concern is;
Budget proposals to “restrict finance cost relief to individual landlords”. 
To calculate the impact of this policy on your personal finances download this software
Tags:
Budget 2015 Campaign
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
or
Member Since September 2016 - Comments: 2533 - Articles: 73
9:28 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “BTL INVESTOR SCOTLAND” at “07/08/2015 – 09:09“:
I’ll write to him at the Council of Mortgage Lenders with the egs this afternoon. I’ve just put it on my list.
Member Since July 2015 - Comments: 280 - Articles: 11
9:31 AM, 7th August 2015, About 11 years ago
More news on the Labour Party leader candidates’ position on housing:
http://www.insidehousing.co.uk/analysis-and-data/labour-leadership-candidates-on-housing/7011177.article?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60
Member Since January 2011 - Comments: 12193 - Articles: 1395
10:42 AM, 7th August 2015, About 11 years ago
Suggested slogans all Tweeted and added to the Tweet Campaign page – see >>> https://www.property118.com/tax-levy-campaign-tweets/
.
Member Since July 2015 - Comments: 280 - Articles: 11
10:44 AM, 7th August 2015, About 11 years ago
Good news. Simon Zutshi has just shared the petition on Facebook asking landlords to sign. Would be good if more gurus followed his example.
Member Since July 2015 - Comments: 29
10:44 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “Connie Cheuk” at “07/08/2015 – 07:28“:
Again be careful.
The’ loss’ you speak of is a voluntary one based on the extent of borrowing and it is designed to be rewarded with a greater return on equity than otherwise could be achieved.
In other words if you wish to use the accounting word loss from adding in interest cost then make sure the capital gain at replacement cost is included in the calculation.
If you were really running a genuine loss year after year, then why rationally are you invested?
Member Since January 2011 - Comments: 12193 - Articles: 1395
10:46 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “BTL INVESTOR SCOTLAND” at “07/08/2015 – 10:44“:
Great news, please tag me into a comment below his post. I will then start commenting 😉
.
Member Since July 2015 - Comments: 167
10:51 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “G Cox” at “07/08/2015 – 10:44“:
The key words are probably not loss and profit. The problem here is that even a sustainable and profitable business is being made to be profitable but unsustainable (for private individuals but not for companies).
Member Since January 2011 - Comments: 12193 - Articles: 1395
10:53 AM, 7th August 2015, About 11 years ago
Reply to the comment left by “G Cox” at “07/08/2015 – 10:44“:
Same could be said for any business could it not?
.
Member Since July 2015 - Comments: 280 - Articles: 11
11:52 AM, 7th August 2015, About 11 years ago
I would encourage all to read this document from the Financial Policy Committee from 2014.
http://www.bankofengland.co.uk/financialstability/Documents/fpc/statement021014.pdf
To guard against financial stability risks from the housing market the FPC call for limits on residential mortgage lending, both owner occupied and buy to let, by reference to:
a) loan to value ratios;
b) debt to income ratios, including interest coverage ratios in respect of buy to let lending.
The report goes on to say that the FPC judged that, taken together, these instruments were necessary, AND SHOULD BE SUFFICIENT (my emphasis), to tackle risks to financial stability that could emerge from the housing market in the future.
So the question is, why has the Chancellor gone much further than is necessary to guard against financial stability risks from the housing market?
Member Since July 2015 - Comments: 280 - Articles: 11
11:56 AM, 7th August 2015, About 11 years ago
Another milestone reached, now over 9,000 signatures.
Total is currently 9,029.