Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “Rachel Hodge” at “24/10/2016 – 21:39“:

I was too late to edit the above, but I stuck this on the bottom before sending:

“Meanwhile, since I am still going to try to make you look at the actual facts and research regarding the affect this policy will have, please read the attached report compiled by Dr Rosalind Beck.

Regards,
Rachel H “

Reply to the comment left by “Rachel Hodge” at “24/10/2016 – 21:47“:

Well done for trying Rachel. We must not give up, but keep hammering at that brick wall they have erected in front of us.

Reply to the comment left by “Dr Rosalind Beck” at “24/10/2016 – 22:32“:

Thank you Rosalind, I won’t give up.

And thank you so much for your report. I’m on page 14/78 and it’s very good. Let’s see if my MP actually reads it. I will ask him in a couple of weeks how he’s getting on with it, and then I’ll go for the jugular and request a meeting to discuss it and review the information his government used to come up with the 1 in 5 wealthiest LLs bullshit!

Reply to the comment left by “Rachel Hodge” at “24/10/2016 – 22:38“:

Excellent stuff, Rachel. That sounds like a great plan. Face to face meetings are the best.

Business as usual it seems – it is very difficult to gauge the effects with wildly different figures being reported …

“Just 1% of landlords said they would reduce rent, with the remaining 79% planning to keep rent at the same level in the next 12 months.”

https://www.landlordtoday.co.uk/breaking-news/2016/10/buy-to-let-landlords-undeterred-by-brexit-and-tax-changes

Reply to the comment left by “Trendo ” at “25/10/2016 – 10:43“:

The article includes “Most buy-to-let investors do not plan to alter their investment strategy in the wake of the government’s plans to cut tax relief on buy-to-let mortgage payments, with 70% of those polled insisting that the reduction of tax relief on buy-to-let mortgage payments would not affect their plans, and 4% said they were planning to invest more as a result of the changes.”

It is not stated how many landlords were surveyed or whether the 70% have outstanding mortgages. Unless they are cash buyers/outright owners I can only assume that they have not yet understood how their tax will be calculated in future.

Reply to the comment left by “Trendo ” at “25/10/2016 – 10:43“:

Hi Trendo

As Mark Twain once said :
“There are three kinds of lies: lies, damned lies, and statistics.”

Please see another article published by Property Investor Today – :
https://www.propertyinvestortoday.co.uk/breaking-news/2016/10/property-sales-drop-11-3-amid-housing-shortage

The findings in the above link are based on provisional figures from the HMRC ( although these may be revised), however this will be a much more reliable indication of the property market rather than the link you have referred to.

The link that you have posted from Landlord today seems to be based on very dodgy statistics, and it only mentions percentages ???. Please be wary of any reports that simply mention percentages, without giving the actual numbers of people surveyed. This could relate to 10 people or 10 thousand. (The only figures they have used are based on online survey sample from just ONE landlords insurance provider). I don’t know about you – But I, very rarely have time to complete all the online survey’s that I receive. Furthermore, they DO NOT say, how-many people actually took the survey – & what demographic was used.

So, until we have further evidence, I would conclude that their finding are meaningless and have little or No bearing on the truth.

Reply to the comment left by “Seething Landlord” at “25/10/2016 – 12:53“:

And by direct implication of their own stats..96% of current landlords NOT planning to buy more !!! They omit the most overwhelming and powerfully unusual fig. Because they dont like it. So the likely outcome..exactly as per Ireland.

Reply to the comment left by “michael fickling” at “25/10/2016 – 13:22“:

You may be right but I had assumed that the plans of the 70% might have already included future purchases and that the 4% now intended to invest more than previously planned. It just goes to show how statistics are subject to varying interpretation.

Reply to the comment left by “Dr Rosalind Beck” at “24/10/2016 – 22:47“:

Dear Rosalind

I would like to personally Thank You for the excellent report that you have produced – My partner & I were thinking of doing a mini report – on our personal circumstances – for our next meeting with Philip Hammond – But we soon realised what a massive task this was going be.

So Again – A BIG THANK YOU