Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “John McKay” at “11/08/2015 – 11:50“:

Hi John.
i’ve been thinking around the same lines and made oontact with a journalist who writes the local newspaper’s BTL column. I pointed her to some of the pages here, gave her examples etc., and have now written a draft article for her to work on and hopefully get published. I think the local route is a good one to take (as well as the national one) – because although the readership is lower, there’s more chance they’ll publish what we want to say. I’ll report back here if it does get published.

Reply to the comment left by “G Cox” at “11/08/2015 – 19:49“:

Hi Graham

If you mean the one comparing owning property in a company with owning as an individual, it was Mark Alexander on 6 August or just before.

Reply to the comment left by “G Cox” at “11/08/2015 – 19:49“:

It came from Simon Whittaker at Mortgages for Business.
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Reply to the comment left by “Michael Barnes” at “11/08/2015 – 16:56“:

Having looked at the reddit site most contributors seem to be from a very strange place mentally !

Someone with an odd outlook has signed up as property118 tho.

Mark: I attended a webinar this evening re the Budget implications for private landlords hosted by James Davis, CEO of UPAD and David Lawrenson, owner of property consultancy LettingFocus.com. Both came across as very sensible and understand the obvious implications for LLs and tenants including the natural upward pressure on rents. James is also in contact with the treasury as you are. At the end of the webinar we got a questionnaire. I put your email address down in the box that asked for someone who may be interested in receiving a download of the webinar. I have not got a copy of it and not sure I will, but let me know if you receive it.

Hi Mark. I just checked out the reddit thread. This was an interesting point, I thought:

‘My son is renting, if all landlords in his area sell up, where will he rent? He doesn’t want to put roots down yet, he only just left Uni and got his first job. His other worry is that his landlord will take advantage of scarcity and put his rent up to pay for the extra tax he’s got to pay. Either way, my son is screwed, not his landlord.’
[actually, his landlord is screwed as well, but we’ll let that one go]

I think a few similar scenarios might be worth quoting in our arguments. Half of my portfolio is let to students and young professionals, many on low-hour contracts. None of them match the ‘profile’ of the potential FTB, for many reasons – too young to settle down is a key factor. If they did want to save to buy, the low rents they pay in shared housing are a good move, making it more viable for them to save, than if they moved into a whole property too soon. This is just a normal progression in life really.

I today spent half an hour with one of the senior member of a very pro active Estate Agents operating in South West London.

He was not aware of the serious implication and asked me to provide the link to “say no to George” & the petition.

I also offered him. If needs further clarification I will be available for him or his other members of the management.

Well had a look at the reddit thread. So far the loudest commentators there seem to be the 2 most prominent posters on this forum vs the 2 most prominent posters from that extreme anti-landlord manipulative forum (http://www.propertyinvestmentproject.co.uk/blog/house-price-crash-hpc-website-mentality/)

Am really hoping the broader debate with impartial experts input opens up / starts soon.

http://saynotogeorge.co.uk/

I’ve just had another look at the reddit forum >>> https://www.reddit.com/r/personalfinance/comments/3gknys/uk_an_important_petition_to_sign_that_effects/

Some joker has decided to call himself property118 – obviously one of the mouronic brainwashed landlord-hating trolls with too much time on his hands LOL. Him aside though, it’s quite interesting. Which one of you is “saynotogeorge”?
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Pretty , impressive almost 1000 sign petition in 72 hours.