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
Comments: 38
6:53 AM, 30th September 2015, About 11 years ago
Reply to the comment left by “KATHY MILLER” at “29/09/2015 – 20:22“:
I think you are right
Comments: 38
6:56 AM, 30th September 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “30/09/2015 – 00:56“:
I put it on because I thought it as correct ???
But that is the point of this Forum so we can share and have others views ??
if ts wrong the Forum has done its job
Thanks DL
Member Since September 2013 - Comments: 771
7:42 AM, 30th September 2015, About 11 years ago
Adrian Gill, director of Your Move and Reeds Rains, says: “Across the UK most households are beginning to earn more, and it is this majority of tenants who are able to bid up the price of rented homes in the face of constricted supply.”
“For a small minority there has been no transformational boost to household earnings, and it is this more marginal population of tenants who are feeling the squeeze of rising rents most sharply.”
“Tenants need more available properties on the market, and landlords should be encouraged to invest further in order to keep up with growing demand.”
https://www.landlordtoday.co.uk/breaking-news/2015/9/serious-tenant-arrears-at-two-year-high-agents-report
Wait till Universal payments system fully implemented .
Member Since September 2016 - Comments: 2533 - Articles: 73
8:33 AM, 30th September 2015, About 11 years ago
Latest from Richard Dyson:
http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11898485/Ive-got-25-tenants-chasing-every-property-buy-to-let-tycoon-Fergus-Wilson.html
Member Since September 2015 - Comments: 47
9:03 AM, 30th September 2015, About 11 years ago
Reply to the comment left by “David Price” at “29/09/2015 – 13:19“:
Go to Pallawan…its a beautiful island. :)….
Member Since August 2015 - Comments: 287
9:07 AM, 30th September 2015, About 11 years ago
Trendo, thanks for the worked example for TAT impact
Do you know enough about the tenant in the £438.75 pcm 2 bed flat to understand their ability to pay £675 pcm
Could they currently move to another similar flat for c.£438.75 in the area? (I am guessing you are one of the very first to add TAT to the rent)
Would you feel any need to justify charging the TAT now when the full impact doesn’t hit you until 2020?
Member Since May 2015 - Comments: 2188 - Articles: 2
9:33 AM, 30th September 2015, About 11 years ago
Reply to the comment left by “Costas Tzanos” at “30/09/2015 – 09:03“:
I intend to visit Palawan next month, one of the many places I have not yet seen in the Philippines despite being a frequent visitor. I shall go where GO would like to put all landlords, 4km underground.
Member Since September 2013 - Comments: 771
9:40 AM, 30th September 2015, About 11 years ago
No record of homes built on sold-off public land
http://www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/news-parliament-2015/report-published-disposal-of-public-land-for-new-homes-15-16/
Member Since July 2015 - Comments: 247
10:07 AM, 30th September 2015, About 11 years ago
Reply to the comment left by “Jon Pipllman” at “30/09/2015 – 09:07“:
Jon,
£675 is the current rent
(at the moment market rent for similar props is £695)
I am just illustrating how far the government shovel is going to get into Tenants bank accounts.
This is before i put the rent up , when clearly the TAT will be a bigger dig into Tenant earnings.
Those that cant afford rent increases will have to go, to be replaced by those that can, once again the government is hitting the lower earners.
It is a mathemaical impossibilty for me to house any HB tenants if these proposals come in.
Member Since August 2015 - Comments: 287
10:15 AM, 30th September 2015, About 11 years ago
Thanks for that link Kathy. At first scan through it is quite a scathing report. Even if nothing comes of it.