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”. 
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Tags:
Budget 2015 Campaign
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Member Since August 2015 - Comments: 335
7:33 AM, 20th August 2015, About 11 years ago
Mark Alexander, wish you very best of luck today. You are and have been lifeline for disgruntled landlords!
Member Since January 2011 - Comments: 12193 - Articles: 1395
7:45 AM, 20th August 2015, About 11 years ago
Good morning all
I’m just waiting to board my train to London on the way to my meeting at The Treasury at 11:30.
When I leave that meeting I will be heading over to Angels media for a 3pm appointment so I expect to be able to post an update around 6pm when I’m on my way back to Norwich.
.
Member Since October 2014 - Comments: 282
7:56 AM, 20th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “20/08/2015 – 07:45“:
The best of luck, Mark
Member Since September 2016 - Comments: 2533 - Articles: 73
8:07 AM, 20th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “20/08/2015 – 07:45“:
Yes, good luck Mark. Fingers crossed.
Member Since October 2014 - Comments: 282
8:16 AM, 20th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “20/08/2015 – 00:02“:
Steady on, Ros. My part in it will be very very small, probably with a tiny inset picture. I may even be bumped by another landlord whose losses will be bigger – it will have greater impact.
Member Since October 2013 - Comments: 1020 - Articles: 47
9:26 AM, 20th August 2015, About 11 years ago
Reply to the comment left by “Trendo ” at “20/08/2015 – 01:04“:
Hi Trendo
Who said what you quoted in your post of 01.04 today?
Member Since October 2014 - Comments: 274
9:39 AM, 20th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “20/08/2015 – 07:45“:
Good luck Mark
Member Since April 2014 - Comments: 137
9:47 AM, 20th August 2015, About 11 years ago
Just received this reply from the DPS.
The Deposit Protection Service (The DPS)
Please accept my apologies for the delay in responding to your query.
As we administer The DPS on behalf of the DCLG, our stance remains that we are afraid we are unable to contact Landlords on our database in relation to the petition. However, I can confirm in next month’s issue of ‘Open House’ we will make reference to this intended legislative change, informing Landlords of where they can find further information
Yours sincerely,
Kate Pettitt
Senior Administrator
The Deposit Protection Service (DPS)
T +44 (0)330 303 0030
The Pavilions, Bridgwater Road, Bristol BS99 6AA, United Kingdom
Member Since September 2016 - Comments: 2533 - Articles: 73
9:50 AM, 20th August 2015, About 11 years ago
Reply to the comment left by “Dom ” at “20/08/2015 – 09:47“:
Hi Dom.
Spooky! I just had the same email. So I wrote back:
‘Hi Kate.
Thanks for that. Can you tell me how many people you circulate ‘Open House’ to? I am a portfolio landlord with about 100 deposits with yourselves and I’ve never seen this publication. Also, can you tell me where you are going to refer landlords to for more information? I’d like to suggest the site Say “No” To George | The Chancellor’s tax on property rental turnover and the restriction of mortgage interest relief
View on http://www.saynotogeorge….
There has been a massive problem regarding misinformation and biased coverage about the issue – which has had the effect of misleading landlords and lulling them into a false sense of security. For example, it is often mentioned that only higher-rate tax payers will be affected and this is completely untrue. Another crucial point is that because landlords will be taxed on ‘turnover’ and the principle of ‘profit = income – costs’ is being abolished for landlords, many landlords’ businesses will become unviable overnight as they/we will be expected to pay tax even if our business has run at a loss – this will become particularly acute when, inevitably, interest rates rise. Let me know if I can provide you with any further information. I would love to write an article for you about it – it could be along the lines of ‘a landlord’s perspective on the proposal to restrict ‘tax relief.’ That way, it would be clear it was my opinion. Let me know what you think.’
Member Since September 2013 - Comments: 771
10:06 AM, 20th August 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “19/08/2015 – 22:52“:
Hi
I was buying in 2007 and 2008 from owners I think it was 4