Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “mia scot” at “29/03/2016 – 19:04“:

Thanks Mia but it’s not my petition. I don’t know who the guy is who started it but just hope we can all support it. I also would have thought it would have already gone viral.

As some of you may know I recently did an article in the Telegraph about the tax changes and how this affected us.
The telegraph seem to be the only newspaper supporting landlords at the moment.
Today I spoke to Olivia The journalist again and she’s really keen to hear from all landlords who this will negatively affect.
lets get more stories out there, she did say she has received a few but please keep them coming.
please can you email her your story on Olivia Rudgard ([email protected]) and they will keep getting the truth out there for us.

Yet another anti-landlord article here:

http://www.independent.co.uk/voices/a-collapse-in-the-buy-to-let-property-market-would-cost-millions-so-it-wouldnt-hurt-to-be-prepared-a6958601.html

It continues to amaze me that so-called ‘expert’ columnists fail to identify the fact that GO’s restrictions on mortgage interest relief are a de-stabilising influence on the private rental sector, rather than a stabilising influence as is commonly claimed.

I signed the petition yesterday…really surprised it hasn’t done better

Reply to the comment left by “Landlord Lucan” at “29/03/2016 – 19:56“:

My feelings exactly.

And how is it that every columnist is suddenly convinced that a financial collapse is a) a foregone conclusion, and b) inevitably going to be caused by rented property?

This wasn’t the case before – even through the worst excesses of the credit crunch, the only landlords taken out were the idiots and even then only a tiny proportion of the total.

My finances are impeccable and just about as solid as they can be. Im a huge contributor to the tax system, and a long, long term investor with no interest in bailing at the first sign of trouble. I find it utterly offensive and ignorant to keep being told Im the cause of the trouble and that I will ‘definitely’ or ‘certainly’ be making it worse by some imagined action that I have absolutely no intention of taking.

Reply to the comment left by “Ros .” at “29/03/2016 – 19:33“:

Apologies Ros – fingers crossed it gets more support and the fool is fired!

It’s no wonder the Independent no longer prints a ‘daily’, with that sort of lazy journalism. I almost registered so that I could comment, but it just wouldn’t be worth it – unsubstantiated views dressed up as fact, it’s the sort of thing I might have written as a ‘know-it-all’ student ‘living off my wits’, as an old teacher once said of me.

I’d like to point out quietly that most Western governments have taken on more debt than they can really afford, and largely with the blessing of the electorate too – in fact if you listen to the part of the electorate that shouts the loudest, we need even more debt to get us out of it. Isn’t it a bit like going into a Casino and always betting on Red – double up if you lose, of course. That’ll work in the end.

Won’t it?

Reply to the comment left by “Julius Caesar” at “29/03/2016 – 20:58“:

– ‘Isn’t it a bit like going into a Casino and always betting on Red – double up if you lose, of course. That’ll work in the end.
Won’t it?’

Am not a gambler, but I suppose it depends on what you initial bet was, and how many times you can double up before you exceed maximum bet allowed?

The biggest gamblers of them all, the highly leveraged HMG, are already close to maximum bet allowed, so doubling up not an option for them. Only low BOE base rates sustained for a number of years can help them out…

I can’t believe the Bank of England can make their clearly anti-landlord statements implying we might cause a crash in the housing market (while protesting ‘we have nothing against landlords!), and yet not be against C24, and the stamp duty levy both of which are going to lead to a contraction (they say they want a contraction, but not a crash) in BTL.

Where are all the millions of tenants going to live who are likely to always be tenants (no deposits, no mummies and daddies to help, no credentials, no desire to save, too low a wage, needing to be mobile, foreign workers etc)? It appears that the BoE is playing a dangerous game in tying itself ever more closely with the Treasury and its politics and joining in with the knee-jerk, scaremongering, irrational politics of the current Government.

http://www.telegraph.co.uk/business/2016/03/29/house-price-crash-could-leave-savers-without-cash-to-fund-retire/

Politicians have lost the plot, in regards to housing, both sides of the border.
I have been reading the new Scottish laws that have just been passed.

The rules for rent rises are now rent controls in any other name,
That spells built in bankruptcy for landlords.

Councils can now designate areas where rises are banned and tenants can now run up 3 months arrears, before you can evict.

Throw in a ‘Clause 24’ and brace yourself for Armageddon.
Keep it coming you academical f*ckwits!