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 August 2015 - Comments: 3
11:58 AM, 11th August 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “11/08/2015 – 11:38“:
If as I believe this will take out the more marginal landlords, then I don’t believe there is much margin for raising rents nor do I think it will precipitate a housing crash.
Sure in certain areas where there is a concentration of these landlords there will be downward pressure on prices but overall no. BTL’s are only 15% of mortgage market and not every BTL’er will be affected.
Rents are a function of wages not landlord’s costs, if we could simply raise rents then we would already have done so.
Even after the tax changes I will be making circa 14% ROI net, that’s still making money in my book. Where else do you get such a return for that risk profile currently.
Dont want to buy bonds after a 30yr bull run and at real negative yields, don;t want to buy equities only at these levels after unprecedented central bank intervention which will eventually be reversed.
Yes I am disappointed with the budget but will continue, it just galls me to hand over so much!
Member Since January 2011 - Comments: 12193 - Articles: 1395
12:02 PM, 11th August 2015, About 11 years ago
The Treasury have asked me to provide links to surveys of landlords showing that rents will go up.
Please can somebody provide me with the links?
I know one was from the RLA and I beleive there was another.
Thanks in advance 😀
.
Member Since July 2015 - Comments: 197 - Articles: 3
12:21 PM, 11th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “11/08/2015 – 12:02“:
Here you go Mark
https://www.rentify.com/news/landlords-reacting-budget-tax-relief-changes/
Member Since May 2014 - Comments: 53
12:43 PM, 11th August 2015, About 11 years ago
I think that comments of LLs who do significant investment in renovating property may be helpful here, Mark.
That’s not me, but I believe I saw a comment by the LL who posts as Hech123 in several places that the cost would be £1m a year of investment by him and several colleagues.
If, for example, you had a sheaf of 1st person case studies adding up to £20m or £100m a year in lost investment, it might help make them reflect.
Perhaps request specific accounts via the forum?
Member Since November 2013 - Comments: 176
1:40 PM, 11th August 2015, About 11 years ago
Reply to the comment left by “S.E. Landlord” at “11/08/2015 – 09:02“:
I agree. How long has it taken us to get our heads around the misleading wording of the proposals?
Member Since January 2011 - Comments: 12193 - Articles: 1395
1:50 PM, 11th August 2015, About 11 years ago
I’ve just been alerted to a discussion thread on the Reddit forum – apparently there are 3.6 million members!
Take a look, I have joined to vote up the comments I like but I will wait a while before I pitch in with comments.
See >>> https://www.reddit.com/r/personalfinance/comments/3gknys/uk_an_important_petition_to_sign_that_effects/
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Member Since July 2015 - Comments: 438
2:17 PM, 11th August 2015, About 11 years ago
@ John – great work on the saynotogeorge website!
@ Mark – I see Property Tribes website & forum now have a link to ‘sign the petition’ on the top right hand corner of the home and all pages. Do you think it would be worthwhile / possible to do the same on property118?
Member Since June 2014 - Comments: 1562
2:17 PM, 11th August 2015, About 11 years ago
Reply to the comment left by “New BTL’er” at “11/08/2015 – 11:58“:
Rents are a function of wages not landlord’s costs, if we could simply raise rents then we would already have done so.
Rents are influenced by many things.
Supply and demand is a key one.
Landlords will be packing it in, or at least not buying any more.
The population is expected to increase by another 3 million by 2020.
Tenants can pay more than now, a lot more. It is competition that has been keeping rents low.
Member Since July 2015 - Comments: 247
2:37 PM, 11th August 2015, About 11 years ago
Lowering HB in the forthcoming climate ..less rental property available, growing demand by prof Tenants will squeeze the HB/lower income families onto the street. Gold star for GO, where is the logic ?
Member Since September 2013 - Comments: 178
3:03 PM, 11th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “11/08/2015 – 12:02“:
I’ve found an email from the RLA stating the 65%…if you still need a link I can forward it to you.
Which email address should I use?