Appalled Landlord

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Thursday 31st October 2013

Latest Comments

Total Number of Property118 Comments: 1009

Appalled Landlord

14:41 PM, 11th November 2019
About 10 hours ago

Conservative Right to Buy test?

In the Daily Telegraph article above, Jeremy Warner wrote “Morton’s insight is that the problem is less that of inadequate social housing – the UK has one of the highest rates of social housing in the EU – but rather that those who would once have been natural home owners found themselves priced out of the market by heavily subsidised buy-to-let landlords. Low interest rates and heavy-handed mortgage regulation have compounded the barriers to home ownership.”

This might look like a quote from Morton, but in fact it is all Warner’s own work. Morton’s report does not claim that landlords are subsidised, heavily or otherwise.

Furthermore, in his report Morton said that BTL only increased prices by 7%. He wrote “One government study in 2008 estimated that buy-to-let demand had increased house prices by 7% relative to where they would otherwise have been.”

It could be that Warner is a member of generation rent, although the photo above his article belies this. He seems to have absorbed David Kingman’s nonsense, however.

According to his profile on the Telegraph website, “Jeremy Warner, assistant editor of The Daily Telegraph, is one of Britain's leading business and economics commentators. A serial winner of awards, he has also been honoured for an "outstanding contribution in defence of freedom of the media" by the Society of Editors for his refusal to reveal sources to Government inspectors. He is @jeremywarneruk on Twitter”

If this is the intellectual calibre of a middle-aged Telegraph assistant editor then the decline in the UK is more desperate than I imagined.... Read More

Appalled Landlord

13:37 PM, 11th November 2019
About 11 hours ago

Conservative Right to Buy test?

In the Executive Summary of the report “From Rent to Buy”, Alex Morton wrote “The fall in owner-occupation was accelerated by a series of decisions by Tony Blair and Gordon Brown’s Governments: scrapping pension dividend relief and allowing interest deductibility for landlords but not owners”

“Alex Morton is Head of Policy at the Centre for Policy Studies. He was previously a Director at Field Consulting, but before that was responsible for housing and planning in the No 10 Policy Unit under David Cameron, including working on key policies in the 2015 manifesto. He was previously Head of Housing at Policy Exchange”.

If this is the intellectual calibre of the Head of Policy at the Centre for Policy Studies then the decline in the UK is more desperate than I imagined.

Morton has fallen for the facile and false comparison of the deduction of a business expense for landlords against the abolition of MIRAS for owner-occupiers - which was just bunce for them, because there was no longer any tax for it to “relieve”.

This false comparison was promoted by David Kingman shortly after he graduated in Geography in 2013:

It was repeated by George Osborne in his 2015 Summer Budget speech:
“Buy-to-let landlords have a huge advantage in the market as they can offset their mortgage interest payments against their income, whereas homebuyers cannot.” about two-thirds of the way down

In that budget Osborne introduced a retroactive levy on the finance costs of individual landlords which means that the income tax on rental profit can exceed 100%, and will even be payable when a pre-tax loss has been made.... Read More

Appalled Landlord

13:29 PM, 6th November 2019
About 5 days ago

Landlords Alliance Election Manifesto

While there is a shortage of social housing it is not sensible to sell it to private individuals. It is even less sensible to give them large discounts.... Read More

Appalled Landlord

9:49 AM, 30th October 2019
About 2 weeks ago

Breaking Section 21 News - The plot thickens!

Reply to the comment left by Ian Narbeth at 30/10/2019 - 09:18
So it is just a publicity stunt by the LibDems, for inclusion in their election manifesto?

I wonder who drafted it. A well-known anti-landlord lawyer? An unknown lawyer from Shelter? Civil servants, under the instruction of the Minister? Civil servants, under the instruction of Generation Rent?... Read More

Appalled Landlord

17:25 PM, 28th October 2019
About 2 weeks ago

Is Shelter’s Campaigns Director beginning to see the light?

Shelter says that “ just 6% of two-bedroom properties across the whole country were both available and affordable to LHA rate claimants”

It gives a link to the source:
“In a new and extensive piece of research, the Bureau captured the details of more than 62,000 two-bed rental properties across England, Wales and Scotland that were advertised on a single day. By mapping these against the LHA rates in each area, we found just 5.6% are actually affordable on benefits.”

So those on benefits could not afford 94% of the advertised properties anyway. But Greg Beales wants to dictate how they should be advertised.

Beales is making a mountain out of a molehill, and a laughing stock of himself.... Read More