Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “kathleen drea” at “23/08/2015 – 18:54“:

Hi Kathleen,

Thank for for the mention f the Financial Mail’s comment.. I take it that was yesterday’s (Sunday’s) paper? Could you confirm that and I’ll try to get a copy (unless anyone has a scan)?

Good article in yesterday’s Sunday Telegraph on page 11 of the Money section under Richard Evan’s “Comment” byline. The Telegraph had a Masthead or Logo saying “Axe the Buy-to-Let Tax grab”. I was thrilled to see this. I scanned the article if anyone wants a copy.
It was an intelligent article and sympathetic to Landlords who face being taxed on income they have not made.
I don’t know if it was someone from this forum who got the Telegraph interested, but if so – well done.

Reply to the comment left by “Stewart Jackson” at “24/08/2015 – 10:30“:

Yes, we did Stewart! And now we want to get the other papers to also pick up on the story. Richard Dyson has done such a lovely job of clarifying many things and the Telegraph will be publishing more articles as part of the ‘campaign.’

Reply to the comment left by “Stewart Jackson” at “24/08/2015 – 10:23“:

Hi Stewart it was Sundays mail first page of financial mail

Reply to the comment left by “Stewart Jackson” at “24/08/2015 – 10:23“:

Hi Stewart it was Sundays mail first page of financial mail

Thank you..

I would recommend that anyone else featured should remain anonymous. The comments online are really nasty. True, I needn’t have answered them. The accusation that we’ve snatched properties from FTBs is the overriding one. I’ve been urged to sell up (renounce the evil deeds). The other is that my is heavily subsidised and how dare I be a drain on society! It’s this rhetoric of tax relief.

Reply to the comment left by “Connie Cheuk” at “24/08/2015 – 03:42“:

Not even all that accurate.

£4000 for a house was a huge amount of money when you were earning less than £10 a week.

Council weren’t all that happy with Right to Buy – i worked for Council Housing Dept in the 80s dealing with RTB documentation – can’t speak for the councillors but the staff all knew that the best houses were being sold off for a pittance, leaving tower blocks and no go areas, and no way to replace the good houses.

Ok, MIRAS was a big help, but interest rates were much higher – 10-15%

My mum and dad “hoarded” a large family home as it was so run-down it was pretty much unsaleable and and, as they said “too much hassle to move”\way from friends and neighbours they’d know n for a long time – plus my dad was away with the fairies and couldn’t have been trusted to find his way back to a different house. No FTB could have afforded it anyway – even in 1969 (when they bought it).

If there is anything to “blame”, it’s lenders, RTB, fixed term/zero hour contracts and the death of final salary pensions.

Plus, as we all know, you CAN save for a deposit, but not if you have holidays, new cars, Sky TV etc.

Nothing we don’t already know, however, good to see more accuracy coming through:

https://www.introducertoday.co.uk/breaking-news/2015/8/buy-to-let-landlords-selling-up-to-escape-tax-crackdown

Reply to the comment left by “Connie Cheuk” at “24/08/2015 – 11:57“:

Hi Connie

If you are thinking about comments at the Guardian, I wouldn’t bother wasting time or emotional energy on it.

80-90% of their coverage uis basically trolling their readers for outrage, usnig whatever exagerrated information is to hand. A favourite is to pretend that advertised rents are a true representation of rents actually being paid across the market.

The exception is the Housing section of Guardian Professional where they sometimes give space to eg David Lawrenson.