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
1:04 AM, 27th February 2016, About 10 years ago
Reply to the comment left by “Chris Brown” at “27/02/2016 – 00:30“:
Hi Chris. I like your lateral thinking.
Member Since July 2015 - Comments: 193
1:17 AM, 27th February 2016, About 10 years ago
Reply to the comment left by “Ros .” at “27/02/2016 – 01:04“:
I’m in! Let’s leave George to share voter revenge stories with Edd Balls. This can happen of we make or so.
Member Since October 2015 - Comments: 49
10:43 AM, 27th February 2016, About 10 years ago
Wasn’t aware of this aspect but should be meeting with an account in the next week or so – will post outcome if relevant
Member Since July 2015 - Comments: 247
4:38 PM, 27th February 2016, About 10 years ago
Letting property , its not a business, its an armchair investment just like shares:
http://www.propertyreporter.co.uk/landlords/tenants-cause-a-third-of-landlords-stress.html
Member Since November 2015 - Comments: 374 - Articles: 8
10:43 AM, 28th February 2016, About 10 years ago
The Telegraph: ‘The Government’s buy-to-let tax changes mean I will have to sell – or raise rents’
http://www.telegraph.co.uk/personal-banking/mortgages/the-governments-buy-to-let-tax-changes-mean-i-will-have-to-sell/
Member Since October 2013 - Comments: 1020 - Articles: 47
3:26 PM, 28th February 2016, About 10 years ago
There was a party political broadcast, masquerading as a report, on the BBC News channel at 14.16 today concerning the tax changes for landlords.
The news reader said that from next year “the generous tax allowances are being phased out”.
Their business correspondent Joe Lynam interviewed a landlord with 5 properties who said he would have to sell them when the early repayment charge period finishes. Asked if he thought a load of other “BTL investors” would be replicating that idea, he said “Absolutely. I think it’s become a much less attractive investment and people can’t afford a loss every month.”
Lynam said that for renters keen to get on the housing ladder, the changes to BTL are welcome.
Then Betsy Dillner, a transatlantic director of Generation Rent, said “These tax incentives have pushed a lot of amateur landlords into the market and removing these incentives will professionalise landlords (how?) and make way for FTB’s which may (sic) have been pushed out of the market because of these tax incentives pushing up prices.”
Cut to a shot of Osborne with Lynam’s voice-over “And the Chancellor seems to agree.” Does he? Or is this just Lynam agreeing? I don’t remember Osborne claiming either of these two opposing effects as justification for the tax grab.
Lynam’s voice-over continued, with government spin: “The Treasury says that by restricting the mortgage tax relief it has addressed the unfair advantage enjoyed by BTL landlords.”
Then Lynam asserted that “BTL landlords have enjoyed tax advantages down the years, but those advantages could be coming to an end.”
Disgraceful.
Member Since September 2016 - Comments: 2533 - Articles: 73
4:22 PM, 28th February 2016, About 10 years ago
Reply to the comment left by “Appalled Landlord” at “28/02/2016 – 15:31“:
Yes, what a load of biased and ill-informed crap. Very lazy journalism – assertions with no evidence. We should see if Charmaine’s sister-in-law can maybe do something about this?
Member Since October 2014 - Comments: 274
4:49 PM, 28th February 2016, About 10 years ago
Perhaps a complaint to “Newswatch”might give our case a fairer hearing?
Member Since September 2016 - Comments: 2533 - Articles: 73
5:04 PM, 28th February 2016, About 10 years ago
Reply to the comment left by “Barry Fitzpatrick” at “28/02/2016 – 16:49“:
Yes. I haven’t seen it yet, but if someone who did can write a complaint we could have it signed by quite a few of us and say it comes from Property118 members.
Member Since October 2013 - Comments: 1020 - Articles: 47
5:12 PM, 28th February 2016, About 10 years ago
Reply to the comment left by “Ros .” at “28/02/2016 – 16:22“:
Hi Ros
I don’t think it was lazy journalism, I think it was pure propaganda. The landlord was very docile – he accepted the discrimination against his business without comment, let alone complaint. The question is, who planted it?