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 October 2013 - Comments: 1020 - Articles: 47
3:15 PM, 27th October 2016, About 9 years ago
Reply to the comment left by “H B” at “27/10/2016 – 13:51“:
Hi H B
Property118 compared tax regimes In January:
https://www.property118.com/increase-housing-supply-tax-regime-comparisons-for-landlords/83569/
Apart from Ireland, whose government is restoring the deductibility of finance costs for BTL mortgages, Finland is the only country that disallows them. See page 17 of:
http://www.landlords.org.uk/sites/default/files/NLA%20Final%20Interim%20Report.pdf
Member Since September 2016 - Comments: 2533 - Articles: 73
3:41 PM, 27th October 2016, About 9 years ago
Reply to the comment left by “H B” at “27/10/2016 – 13:51“:
Yes, I don’t think there is enough material to be able to do this as it is such a rare move.
Member Since November 2013 - Comments: 176
9:51 AM, 30th October 2016, About 9 years ago
3 points:
Huge thanks the Ros et. al. for recent splendid report. I know how much effort has gone into its production.
I am sending it to 2 MPs with whom we are yet to meet but am concerned it will fall on deaf ears. Unfathomable!
One is Kenneth Clarke who in his written reply to us has stated ” I must warn you that I am not instinctively in favour providing tax relief on interest on any debt, although we are hopelessly stuck with these arrangements for a large amount of business investment …………I will of course follow the continuing debate and await the outcome of the legal challenge that has been mounted”.
I have just received a letter from Birmingham Midshires advising of the forthcoming section 24 situation. It spells out the possible consequences and recommends seeking accountancy advice etc. They are not offering any sympathy or assistance. Has anyone else received such notice from lenders, and if so what are they saying?
Chris.
Member Since May 2015 - Comments: 2188 - Articles: 2
2:42 PM, 30th October 2016, About 9 years ago
Business Secretary Greg Clark said Mark Carney has done a “tremendous job” as governor of the Bank of England, following a report that Mr Carney might choose to step down in 2018.
http://www.bbc.co.uk/news/business-37815516
Mr Clark was financial secretary to the Treasury when Mr Carney was appointed by the then Chancellor the Exchequer, George Osborne, in November 2012.
“I think it was a brilliant appointment,” Mr Clark said.
We are all entitled to our opinion no matter how biased or misguided.
Member Since July 2015 - Comments: 193
2:53 PM, 30th October 2016, About 9 years ago
Reply to the comment left by “David Price” at “30/10/2016 – 14:42“:
opinions are as they say…. like bottoms!….. everyone has one!
Member Since November 2016 - Comments: 335
9:24 PM, 30th October 2016, About 9 years ago
Reply to the comment left by “David Price” at “30/10/2016 – 14:42“:
David following extract from article is worth paying attention to:
“Mr Carney has been attacked for his warnings, made before the referendum on European Union membership, that the UK economy would be hit in the event of a vote to leave.”
Why? As he also made warnings in relation to Buy To let which prompted Osborne to react, consequently he introduced Tax on so-called Mortgage Interest Relief. As Carney suggested that, if there was downturn in housing market, all Landlords will sell at once causing a housing crash (what a load of Bollocks) therefore this is not the first time his warnings have been called into question- Incompetence at Peak!
Member Since October 2015 - Comments: 148 - Articles: 1
12:21 PM, 31st October 2016, About 9 years ago
Reply to the comment left by “David Price” at “30/10/2016 – 14:42“:
Carney now feels he needs to stay on past 2018 to protect/recover his credibility.
Fueled by political bias, he grossly exaggerated and warned of Armageddon on Brexit. If someone else were to take over from him and steer safely through Brexit, everyone would look back and say how wrong Carney was.
He wants to be given the credit for safest possible Brexit.
Member Since November 2015 - Comments: 374 - Articles: 8
11:02 PM, 1st November 2016, About 9 years ago
George Osborne rapped by Government’s lobbying watchdog:
http://www.independent.co.uk/news/uk/politics/george-osborne-rapped-by-governments-lobbying-watchdog-northern-powerhouse-a7389591.html#commentsDiv
Member Since May 2015 - Comments: 2188 - Articles: 2
8:14 AM, 2nd November 2016, About 9 years ago
Its not all bad news, inflation is good for highly leveraged landlords, indeed anyone who has borrowed money. It’s just tough on those tenants who will see even more rent increases.
Inflation ‘set to soar to 4% by late 2017’
http://www.bbc.co.uk/news/business-37838087
Member Since September 2016 - Comments: 2533 - Articles: 73
9:13 AM, 2nd November 2016, About 9 years ago
Let’s see what happens now with the issue of student rents. We really need to link up with students as they are also fighting back against extortionate rents, as are we. See here:
http://www.propertyindustryeye.com/students-refuse-gongs-to-any-accommodation-provider-in-new-awards-scheme/
If people can forward this article to student unions that would be a good start.