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 September 2015 - Comments: 1013
6:37 PM, 5th October 2015, About 11 years ago
Reply to the comment left by “Darlington Landlord” at “05/10/2015 – 18:30“:
So in other words the Government estimate of 1 in 5 Landlords being affected is totally ficticious. They have got no idea!
Member Since January 2011 - Comments: 12193 - Articles: 1395
6:41 PM, 5th October 2015, About 11 years ago
Reply to the comment left by “Barry Fitzpatrick” at “05/10/2015 – 18:37“:
Hi Barry
I suspect they have got that bit right, i.e. 1 in 5 landlords.
When I visited The Treasury Megan Shaw explained how their simulation modelling works based on previous years tax returns. It all made sense and my subsequent research also support this, e.g. 50% of landlords do’t have any mortgages and Ltd Company landlords (also not affected) own more properties than individual landlords on average.
.
Member Since August 2015 - Comments: 22
6:45 PM, 5th October 2015, About 11 years ago
Reply to the comment left by “Barry Fitzpatrick” at “05/10/2015 – 18:27“:
Hi Barry
It’s a game changer this tax
I have 76 flats and have started increasing rents to survive this.
The biggest problem is slow landlord that are leaving the required rent increases and think in three years just pop an extra £150 per month on.
This tax has to be saved for now and set aside.
We must stress test tenancies to make sure existing tenants can afford the rent and added tax burden
Member Since October 2013 - Comments: 804
6:50 PM, 5th October 2015, About 11 years ago
I agree I have started planning and am going to sell my ones with equity the model we are used to is sabotaged by this government absolute discrace
Member Since October 2013 - Comments: 804
6:55 PM, 5th October 2015, About 11 years ago
I was also going to expand my portfolio as I have Been doing further but am going to scrap that and step up buy to sell and conversions this is the death of the traditional buy to let market using high ltv mortgages
Member Since August 2015 - Comments: 139
7:08 PM, 5th October 2015, About 11 years ago
Apparently there is further to go…
https://www.lettingagenttoday.co.uk/breaking-news/2015/10/leading-tory-warns-much-further-to-go-on-removing-buy-to-let-tax-breaks
Member Since July 2015 - Comments: 438
7:09 PM, 5th October 2015, About 11 years ago
Reply to the comment left by “Laura Delow” at “05/10/2015 – 18:32“:
Hi Laura
Can’t access your pdf as the link relates to a folder on your PC, but can more or less guess what it said.
Despite HMT’s dubious rhetoric and suspected misrepresentation of the data in the PRS, I still suspect that the most effective way of stopping the current political elite in power ‘getting away with it’ may ultimately end up in a legal battle.
Any solicitors or barristers reading, please feel free to comment.
Member Since October 2013 - Comments: 804
7:13 PM, 5th October 2015, About 11 years ago
It just gets worse and worse I really can’t get my head round the Tories they are attacking the people who got them in power I suggest a large meeting of landlords and stakeholders as this is pure sabotage on an epic scale
Member Since September 2016 - Comments: 2533 - Articles: 73
7:23 PM, 5th October 2015, About 11 years ago
Reply to the comment left by “Manchester Landlord” at “05/10/2015 – 19:08“:
F***ing hell! It’s like they’ve declared war on us. Idiots. It’ll all backfire on them – they don’t yet know the meaning of the phrase ‘housing crisis.’ Those fools are the ones who are creating it.
Member Since September 2013 - Comments: 771
7:32 PM, 5th October 2015, About 11 years ago
Reply to the comment left by “Manchester Landlord” at “05/10/2015 – 19:08“:
If they get this in the 20% relief will not be available for long, they will take that to..