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”. 
To calculate the impact of this policy on your personal finances download this software
Tags:
Budget 2015 Campaign
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
or
Member Since August 2015 - Comments: 335
9:54 AM, 16th September 2015, About 11 years ago
Reply to the comment left by “Jon Pipllman” at “16/09/2015 – 09:48“:
LOL Jon. My life experience is people do not react to anything until they have taste of something.
I think, they will wake up once their accountants send them their Tax return to sign and advise them the amount to pay.
I bet you a bottom dollar, they will all shout, we thought we were basic rate tax payers.
Member Since August 2015 - Comments: 335
9:56 AM, 16th September 2015, About 11 years ago
Reply to the comment left by “David Price” at “16/09/2015 – 09:54“:
That’s a smart strategy David.
Member Since May 2015 - Comments: 2188 - Articles: 2
10:03 AM, 16th September 2015, About 11 years ago
Reply to the comment left by “Saeef Khan” at “16/09/2015 – 09:56“:
But only after examining the legal pack and viewing the property. I once spotted an absolute bargain, a flat over a kebab shop. On viewing I smelt why the property was a bargain and did not sell. There was a three inch (75mm) gap where the whole front of the building was collapsing allowing the smell from the kebabs to percolate into the flat.
I digress, for the purpose of this thread is to try to get the intransigent GO to change his mind.
Member Since August 2015 - Comments: 335
10:15 AM, 16th September 2015, About 11 years ago
Reply to the comment left by “David Price” at “16/09/2015 – 10:03“:
David, I am clearly not as smart as you. Couple of years ago, I bought a land in Lydd (Romney Marsh) which had planning to build pair of semi’s. I acted upon my impulse and thought it was an absolute bargain and did not bother reading legal pack.
After buying the land, I realised it was contaminated (could not really build on it) or after cleaning up contmination it would have been financially unviable. In addition, it had water pipe running underneath which needed diversion before you could build on it, another phenomenal
amount needed to be paid.
Guess, what Council was the seller…it took me almost a year to re-sell at substantial loss. Would never buy again from auction and if I do I will scrutinise legal pack.
Member Since May 2015 - Comments: 2188 - Articles: 2
11:22 AM, 16th September 2015, About 11 years ago
Reply to the comment left by “Saeef Khan” at “16/09/2015 – 10:15“:
Since we are both in Kent if you care to meet up and swap yarns please contact me through property 118. Meanwhile I feel we should concentrate on Alice within this thread, she needs all our attention!
Member Since August 2015 - Comments: 335
11:38 AM, 16th September 2015, About 11 years ago
Reply to the comment left by “David Price” at “16/09/2015 – 11:22“:
That’s great David. I’ll ask Mark to exchange our details.
Member Since July 2015 - Comments: 167
11:47 AM, 16th September 2015, About 11 years ago
Has this LSE research doc been published here before?
http://www.lse.ac.uk/geographyAndEnvironment/research/london/events/HEIF/HEIF4b_10-11%20-newlondonenv/prslaunch/Book.pdf
“Towards a sustainable private rented sector: The Lessons from Other Countries”.
Member Since July 2015 - Comments: 280 - Articles: 11
12:35 PM, 16th September 2015, About 11 years ago
More discussion in Parliament on buy to let
http://www.theyworkforyou.com/wrans/?id=2015-09-07.9305.h&s=landlord
Member Since August 2015 - Comments: 76
1:34 PM, 16th September 2015, About 11 years ago
the problem with the idea of applying this to only new mortgages is that it may mean that existing customers have only the choice of going onto expensive SVRs
Given the choice of an SVR at 2-3% higher but with current rules or a remortgage at a cheaper rate but with the new rules there will probably not be a lot in it.
Member Since October 2013 - Comments: 1020 - Articles: 47
1:41 PM, 16th September 2015, About 11 years ago
Reply to the comment left by “Roger Rabbit” at “16/09/2015 – 13:34“:
Why should existing customers go on to SVR’s?