Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “Lee Humby” at “09/03/2017 – 11:11“:

It’s just so uninformed.

Wait until they see how many LLs will no longer take these benefit tenants once S24 kills their business and the caps to UC take hold. The risk of taking on benefit tenants will be viable for even fewer LLs.

Still, Shelter will be able to house them all, won’t they.

‘Level the playing field’ by taking neither pets nor benefit recipients.

Reply to the comment left by “Rachel Hodge” at “09/03/2017 – 11:24“:

Local Councils are already starting to struggle with people being made homeless. Like Peterborough Council spending £1m+ to house people temporarily in Travelodges. (http://www.peterboroughtoday.co.uk/our-region/cambridgeshire/1m-hotel-bill-for-homeless-1-7592507)

I now hear of council incentivising Landlords with upfront payments/incentives, rent guarantees, deposit guarantees, etc. virtually becoming a rent-to-rent Landlords in their own right. Again in Peterborough the incentives are so great that one corporate Landlord evicted 74 tenants so that he could provide accommodation for homeless (http://www.peterboroughtoday.co.uk/our-region/cambridgeshire/tenants-facing-eviction-from-st-michael-s-gate-declare-themselves-homeless-with-peterborough-city-council-1-7627251 )

Reply to the comment left by “Barry Fitzpatrick” at “09/03/2017 – 12:15“:

Yes this is true.They are offering big incentives. I`ve been offered £4,000 up front from London Boroughs to take their HB tenants .
My own council offers me a months rent in advance plus a months deposit plus DHP to pay off the arrears plus DHP paying the tops up going forward. This is where the HB cap has made the LHA rate now fall well short of the contractual rent and therefore not viable anymore for me.
Its a crazy situation.
Long term HB tenants of 10 years or more are being asked to leave by me. I`ve served five Sec 21`s over the last 6 mths. There will be more mainly from the 3 and 4 bed stock. One and 2 beds seem ok for the time being

Its a sticking plaster approach from the government which does a disservice to the taxpayer . They HB cap them then pay me through the back door . Rob Peter to pay Paul . The problem will only get worse over the next 3 years . I counted 5 sleeping on the streets locally in one spot the other day. Last year there was one

Hammond just jokes and jests during his speech oblivious to the hurt he is causing

The Guardian has two online articles that show how, by increasing NIC for self-employed, Hammond broke a pledge in the Tory manifesto ”We will commit to no increases in VAT, National Insurance contributions or Income Tax”.

https://www.theguardian.com/uk-news/2017/mar/08/philip-hammond-nics-self-employed-tory-manifesto-budget?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=216539&subid=21222902&CMP=EMCNEWEML6619I2

https://www.theguardian.com/uk-news/2017/mar/08/philip-hammond-economy-budget-2017-chancellor-growth-brexit?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=216539&subid=21222902&CMP=EMCNEWEML6619I2

Both articles contained this:

“A Treasury spokeswoman later sought to shrug off the claim that the party was breaching the manifesto promise, saying it had been implemented by a piece of legislation – George Osborne’s “tax lock” – which didn’t mention specific classes of NICs. “The manifesto is not the place you should be looking for it; you should be looking for it in the legislation,” she said”.

In other words, don’t expect a Conservative government to keep a promise just because you mugs voted it in because you believed it.

This morning Sky News showed Hammond a clip of Cameron making this pledge and accused him of breaking it. Hammond did not admit or deny it, he just went on a riff about steering Britain through Brexit and out into the world. He gave us no idea where we were headed; I hope it is somewhere near the Canary Islands.

When asked later on Sky News whether the manifesto pledge had been broken, Ian Duncan Smith said he it is always difficult when you lock yourself in and he thought that making the pledge was the problem!

That is a clear message from Conservative grandees that Tory promises are worthless.

The result for a self-employed person earning £50,000, according to Patrick Collinson’s video in the second article above, will be an increase of £500 a year, or 1%. Jacob Rees-Mogg says it is an unforced error.

S 24, which broke the same pledge, will increase the tax of a landlord that I know by 60% of her income, and leave her without enough to live on, as described on page 12 here: https://media.property118.com/wp-content/uploads/2016/10/6G0YKMd1Wf.pdf

S 24 will increase homelessness enormously. That is an unforced disaster, but where is the media uproar?

Reply to the comment left by “Appalled Landlord” at “09/03/2017 – 13:07“:

Hi AL. I think people should paraphrase what you have written and send it to Hammond, Barwell and May. In case people don’t know, the usual method is to send the email to your own MP with a request to pass it on to May etc all.

Reply to the comment left by “Appalled Landlord” at “09/03/2017 – 13:07“:

The media is still concentrating on vilifying LLs.

I caught some of the Radio 1 lunchtime news where they had a LL speaking in turn with a tenant. The LL explained the fact that unfortunately benefit tenants were a risk, and if the tenant defaulted on rent she still had to pay the mortgage. They chose to finish the piece with the LL saying she understood the tenant’s plight and would certainly give more thought to renting to benefit tenants in the future. Great.

Reply to the comment left by “Barry Fitzpatrick” at “09/03/2017 – 12:15“:

Yes Barry. I am now receiling these requests from the council to house people every few days and this is a new thing for me.

Reply to the comment left by “Rachel Hodge” at “09/03/2017 – 13:14“:

Listen here 7.34 on.

http://www.bbc.co.uk/programmes/b08g46hy

Section 24 is going to make it a lot worse for tenants on benefits.

Every day I have to walk through a cloud of smoke emanating from the ne’er do wells gathered outside the council offices next door to my gym waiting for yet more hand outs. Smoking fags at £8 a packet and vaping away my taxes in turn putting greater pressure on the NHS. Benefits are still way too high. There has been no austerity or worthwhile cut backs. The national debt is a disgusting £60,000 per household, the country is skint and we keep shovelling money to the 1.5 million perpetual work shy. Let the benefit tenants suffer and the council crumble under the weight of dealing with it all. The govt are disgusting to squeeze more out of hard working self employed people who take the risks, do the hours and create something to fund all these losers. I shan’t lose any sleep over it. Only two benefit recipients left as tenants and they’ll be going at the first sign of any UC grief.