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 2016 - Comments: 2533 - Articles: 73
12:10 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “Gareth Wilson” at “12/01/2016 – 23:51“:
Well done to our very own Chris for a point well-made!
Member Since November 2015 - Comments: 374 - Articles: 8
12:16 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “Ros .” at “13/01/2016 – 00:10“:
Indeed! The Government is pursuing a policy risking the very crisis in the buy-to-let market that the Bank of England is warning of. You cannot get more astounding than that!
Member Since September 2013 - Comments: 771
7:21 AM, 13th January 2016, About 10 years ago
Yes they are but along with this they are giving out loans to FTBs which will probably put them in negative equity in a few years.
No joined up thinking or rather no thinking at all.
Well done Chris
Member Since March 2015 - Comments: 225
8:01 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “Chris Byways” at “11/01/2016 – 09:19“:
“KIO?” Kuwaiti Investment Office, shorthand for “very wealthy, overseas investors who will suck of all corporate profits arising from both income and gains to their tax haven of preference” i.e. George Osbourne’s UK looses all party trick.
Member Since December 2015 - Comments: 32
9:00 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “david porter” at “11/01/2016 – 17:35“:
London landlords will never sell up. It’s a cash cow down there….with rents rising much faster than interest repayments you’d be silly to. I think therein lies part of the reason we have been lumbered with this new tax. The skewed London market with landlords raising rents even though their costs have not increases. I was reading on standard online yesterday that 4 years ago only 5 out of 35 London Boroughs had rents representing 2 thirds of a person’s disposable income. Now it stands at 30 out of 35 Boroughs. And this is at a time where interest levels have remained at record lows. Nationwide landlords have all been tarnished with same profiteering brush.
Member Since July 2015 - Comments: 20
9:29 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “stuart edwards” at “13/01/2016 – 09:00“:
These comments aren’t helpful Stuart, language like “cash cow down there”, “skewed London market with landlords raising rents even though their costs have not increased” and “Nationwide landlords have all been tarnished with same profiteering brush” are all similar to the negativity we face as a whole for what we do.
Please don’t blindly believe what the papers tell you, and don’t turn on one set of Landlords because of what these papers tell you. The answer to London prices is a massive building program to cope with demand, not an attack on Landlords.
Member Since October 2013 - Comments: 804
9:36 AM, 13th January 2016, About 10 years ago
The only thing have just thought of what if we vote to leave EU what will that mean for our judicial action ? Would be a disaster as European law would no longer have any influence ??
Member Since January 2016 - Comments: 297 - Articles: 1
10:37 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “stuart edwards” at “13/01/2016 – 09:00“:
Do you have any London properties?
Member Since July 2015 - Comments: 167
10:42 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “stuart edwards” at “13/01/2016 – 09:00“:
Stuart.
Londoners actually get one of the lowest rental returns on capital in the UK. Around 4%, and as low as 2%. Consequently they are also amongst the hardest hit by the new tax. Even those with loan gearing well below 40%. You don’t hear them bleating about “greedy landlords” elsewhere achieving comparatively “huge” rental returns.
Come on Stuart. You’re better than that.
Member Since March 2015 - Comments: 225
10:43 AM, 13th January 2016, About 10 years ago
Reply to the comment left by “Julius Caesar” at “13/01/2016 – 09:29“:
I think part of the London problem needs to be an introduction of purchase controls by non-resident purchasers of the BTLE (buy-to-leave-empty) variety of often off plan developments never marketed in the UK and possibly even non dom owner occ. permits as per Switzerland.