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”. 
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Budget 2015 Campaign
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Member Since September 2013 - Comments: 771
6:37 PM, 6th October 2015, About 11 years ago
I’m starting to think that the government expect the rents to increase greatly. Low yields was one of the barriers of getting the big boys in.
If rents increase it will look much more attractive to them.
So I think they are betting on increased rents rather than landlords selling.
Member Since September 2013 - Comments: 771
6:44 PM, 6th October 2015, About 11 years ago
2010
http://www.ft.com/cms/s/0/d1d520ce-dc51-11df-a9a4-00144feabdc0.html#axzz3noKEzqJb
Member Since September 2016 - Comments: 2533 - Articles: 73
6:46 PM, 6th October 2015, About 11 years ago
Reply to the comment left by “KATHY MILLER” at “06/10/2015 – 18:34“:
Interesting article Kathy. Maybe some Property118ers could make some comments on there – John Redwood might then see them.
I wrote him a long letter today – sent by snail post, in the hope that something he can hold in his hand will be more likely to be read.
Member Since September 2016 - Comments: 2533 - Articles: 73
6:53 PM, 6th October 2015, About 11 years ago
Reply to the comment left by “KATHY MILLER” at “06/10/2015 – 18:37“:
This is an interesting argument Kathy. I wouldn’t go as far as to say the Government had planned it that way – I think they didn’t even think or care about rents (I also don’t like to attribute to them too much intelligence, because I don’t believe they are that bright); but it could work in the favour of the big guys, by chance.
However, apparently, historically, institutions haven’t wanted to get too involved in build to rent because there aren’t the returns. We know that.They certainly wouldn’t want to get involved in some of the druggy type streets up the valleys and won’t be moving into dole-land.
In terms of student accommodation, a young student starting at a university in the valleys told me the other day that it costs £110 per week for halls; in the local private rented sector you can get a room in a shared house with bills included for £250 a month, so there is quite a gap between the two.
Re. the FT article, what does it say as I can’t get in without subscribing?
Member Since August 2015 - Comments: 139
7:37 PM, 6th October 2015, About 11 years ago
John redwood is our man for this campaign. I have sent him a letter today and I really hope others on here do so too. He clearly has common sense and isn’t afraid to speak his mind.
Member Since July 2015 - Comments: 197 - Articles: 3
7:40 PM, 6th October 2015, About 11 years ago
Reply to the comment left by “KATHY MILLER” at “06/10/2015 – 18:37“:
Kathy I’m convinced that you’re right that Government want rents to sky rocket but I think they see this as an incentive for many of our foreign workers to go back to their home countries.
That way they get the housing crisis reduced and unemployment down as British workers could take over the job the foreigner has vacated. The major flaw with the latter part of that plan is that many British people wouldn’t want those jobs. I’m still convinced that’s a secondary strategy to their game plan though.
Member Since August 2015 - Comments: 139
8:24 PM, 6th October 2015, About 11 years ago
Speak of the devil. I have just received a reply from John redwood. He states that he understands my points but he thinks the chancellor is determined to implement the proposal despite the consequences.
Comments: 38
8:40 PM, 6th October 2015, About 11 years ago
Reply to the comment left by “Manchester Landlord” at “06/10/2015 – 20:24“:
well no surprise there then its going to happen its a done deal
what a bloody shame so unfair it could have been done very different but that’s life
Member Since September 2016 - Comments: 2533 - Articles: 73
9:22 PM, 6th October 2015, About 11 years ago
Reply to the comment left by “Dislexic Landlord” at “06/10/2015 – 20:40“:
Uh, excuse me Dislexic. We’ve had that kind of message at least every week since the Budget. Are you saying that because of what one person just said, you have given up? Is that the attitude that won us the war?
Member Since August 2015 - Comments: 139
9:35 PM, 6th October 2015, About 11 years ago
Reply to the comment left by “Ros .” at “06/10/2015 – 21:22“:
I agree. I feel pretty despondent, but tomorrow is another day. Either way I’m absolutely positive that there is a solution to this, whether the government amend it or not.