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: 197 - Articles: 3
9:35 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “16/08/2015 – 21:03“:
I’ve updated the text AL. I hope that it’s clear to all now.
Member Since July 2015 - Comments: 197 - Articles: 3
9:38 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “17/08/2015 – 08:28“:
You’re right Ros. You know what they say about a ‘woman scorned’. What do they say about a woman possessed?!
Amazing work Connie!!
Member Since September 2016 - Comments: 2533 - Articles: 73
9:49 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “John McKay” at “17/08/2015 – 09:38“:
Hi John.
Look out for an email I just sent re the press release, which I thought was excellent.
Thanks.
Member Since October 2013 - Comments: 1020 - Articles: 47
10:05 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “John McKay” at “17/08/2015 – 09:35“:
Hi John
No, I’m afraid the alleged contradiction is still there. It still reads as if you think house prices will not drop, rather than that FTB’s will not get an opportunity.
The sentence “That may happen, but most likely not” refers to whether this would present an opportunity to FTB’s, not to whether property values would fall.
I would suggest something like: “A fall in prices may present you with the opportunity to buy, but most likely it will not, for the reasons listed below.
And Nationwide should have a small “n”.
Member Since July 2015 - Comments: 393
10:56 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “17/08/2015 – 10:05“:
Quite right, and I’m a proofreader.
When you change the text, you might also like to add that, when house prices fall and people end up in negative equity, they don’t move – so no empty houses at the bottom of the chain for you to buy. You can wait for an elderly person to die, but, if prices are low, the relatives might just decide to rent out the property, not sell it. You might be able to buy a repossession at auction, but would probably have to spend a lot of time and money getting it up to standard – something landlords often do – but that might mean that you can’t move into the property, so you’ll end up paying rent and a mortgage.
Member Since July 2015 - Comments: 197 - Articles: 3
11:39 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “17/08/2015 – 10:05“:
AL, Kathy I am believe as others do that prices will not drop, well not far anyway. There is not evidence to support that geographically. We can’t say that rents will rise and prices will drop.
I believe that the text indicates there will be regional differences. In some areas we will see rents rise dramatically, in others where it can’t happen for whatever reason, then houses will be sold off. Therefore we won’t see a nationwide crash. This is the most likely scenario. I certainly perceive that there will be large rent increases in my area, most people think 30% over the next 5 years, but further north people are saying that they will not be able to increase rents. Therefore for those LL’s it may be necessary to sell off.
I’ve changed the opening sentence marginally to indicate that there may or may not be a significant price drop but it is only likely to happen nationally if other forces are acting on the market.
Is that OK?
Member Since October 2013 - Comments: 1020 - Articles: 47
11:40 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “Kathy Evans” at “17/08/2015 – 10:56“:
Hi Kathy
That is an excellent point. And now that we have the infrastructure for a large private rented sector it is easy for people who have to re-locate to rent out the property they own, and pay rent in their new location, until prices recover.
Member Since July 2015 - Comments: 393
11:54 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “John McKay” at “17/08/2015 – 11:39“:
I think that’s much clearer. Thanks, John.
Member Since October 2013 - Comments: 1020 - Articles: 47
11:56 AM, 17th August 2015, About 11 years ago
Reply to the comment left by “John McKay” at “17/08/2015 – 11:39“:
Hi John
Unfortunately, my properties are all in the north.
I see that the text under .Home Owners has been changed as well, so that the website can no longer be said to “contradict itself”. I did not realise that when I posted earlier this morning.
Member Since June 2014 - Comments: 6
11:58 AM, 17th August 2015, About 11 years ago
I have just seen a post that the saynotogeorge campaign has achieved 13,000 signatures. The petition to reinstate Jeremy Clarkson got over 1,000,000 in about 1 week.