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”. 
To calculate the impact of this policy on your personal finances download this software
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Budget 2015 Campaign
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Member Since September 2013 - Comments: 771
7:30 PM, 19th September 2015, About 11 years ago
https://landlordnews.co.uk/landlords-own-over-half-new-homes/
Member Since September 2013 - Comments: 771
7:36 PM, 19th September 2015, About 11 years ago
2. Typology of landlords
Stakeholder interviews suggested that the main types of landlord were:
Large scale landlords (more than 50 properties)
Professional landlords
Experienced landlords
New landlords
Accidental landlords
While these categories overlap, the general view was that larger, more experienced
landlords were more likely to be professional and to invest in their portfolio over the
longer term, while newer, small and ‘accidental’ landlords were less likely to be so
professional.
https://england.shelter.org.uk/__data/assets/pdf_file/0005/1039550/University_of_Cambridge,_Understanding_Landlord_Business_Models.pdf
Member Since July 2015 - Comments: 280 - Articles: 11
7:41 PM, 19th September 2015, About 11 years ago
Reply to the comment left by “Lisa Stux” at “19/09/2015 – 17:53“:
Lisa please explain how applying the proposed tax to new borrowings will ‘only delay the inevitable’.
Member Since July 2015 - Comments: 438
9:11 PM, 19th September 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “19/09/2015 – 17:11“:
Hi AL, when was this Budget Mortgage Relief Calculator sent out by Upad? I get various emails from them but have not received this calculator or can find it on their website or blog although I might have missed it. Reason I ask is that I use Upad for ads, so would like to know.
Member Since October 2013 - Comments: 1020 - Articles: 47
11:14 PM, 19th September 2015, About 11 years ago
Reply to the comment left by “Mark Shine” at “19/09/2015 – 21:11“:
Hi Mark
It is in the email that arrived today, entitled “Upad Landlord Tips: Get Ready for Winter”.
Member Since July 2015 - Comments: 438
12:10 AM, 20th September 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “19/09/2015 – 23:14“:
I got one from them on Friday which was entitled “Landlords get ready for worst winter for 65 years” with a link to http://blog.upad.co.uk/blog/landlords-get-ready-for-worst-winter-for-65-years
But not about the budget or link to any calculator.
Did you get a different one?
Member Since October 2013 - Comments: 1020 - Articles: 47
1:24 AM, 20th September 2015, About 11 years ago
Reply to the comment left by “Mark Shine” at “20/09/2015 – 00:10“:
Hi Mark
It must be different, although today’s email links to the same blog about winter weather as yours did yesterday. I am not going to post a link to their calculator because it is misleading.
Member Since October 2014 - Comments: 274
6:49 AM, 20th September 2015, About 11 years ago
Reply to the comment left by “steve p” at “18/09/2015 – 20:57“:
@steve P
1. The proposal undermines one of the principle arguments being used against GOs proposal ie tax should only be payable on actual profit.
You will lose the support of those LLs who only break even (although what these LLs will do when interest rates rise is an issue).
2. All LLs will have to remortgage at some point (I have 2 properties whose mortgages come to the end of their term in 2018) the model under which they where purchased may not be viable with a repayment mortgage. Personally I would face triple whammy of potentially higher interest rates, a new tax and a repayment mortgage on those 2 properties would probably make them unviable. I’d rather just take GOs proposal as is!!
The other major argument against GOs proposal is that of fairness. To propose a tax change that hits certain LLs disproportionately harder than other LLs is no better than GOs existing proposal.
Let’s keep it simple and propose any new tax be only applicable to new purchases..
Member Since August 2015 - Comments: 335
8:05 AM, 20th September 2015, About 11 years ago
Reply to the comment left by “Barry Fitzpatrick” at “20/09/2015 – 06:49“:
Barry, I totally agree that this should only apply to new purchases.
We purchased our properties under old model therefore to hit us with new set of rules and taxation is totally inexcusable and unjustifiable.
Member Since August 2015 - Comments: 335
10:21 AM, 20th September 2015, About 11 years ago
Sorry, I might be going off tracking with this question:
The new legislation regarding Smoke Alarms as well as Co2 alarms, does it only apply to new tenancies from 1st Of October or is it new as well as existing?
As I think I have read somewhere that, existing will be affected from 2018?