user_2795

Registered with Property118.com
Wednesday 16th April 2014


Latest Comments

Total Number of Property118 Comments: 137

dom glynn

12:24 PM, 18th December 2018
About 12 months ago

And the landlord vote goes to - Please vote again

I'm normally a Labour supporter, but that's a wasted vote around here. So now I vote tactically for the LD's to try and stop Zac Goldsmith being elected.... Read More

dom glynn

15:28 PM, 9th January 2017
About 3 years ago

Summer Budget 2015 - Landlords Reactions

Reply to the comment left by "NW Landlord" at "08/01/2017 - 09:57":

Local Authorities have been giving this type of advice to tenants for years.
Tbh, it doesn't really surprise me.
More or less everyone regards us as rich parasites.
I honestly don't think we'll change that perception any time soon.... Read More

dom glynn

14:12 PM, 1st November 2016
About 3 years ago

Student rents to sky-rocket as the Government hands the student rental market to institutions

Great post Ros.
I'm also a student landlord, but in Southampton.
Every bit of available land seems to be being used to build large blocks of student pods.
My room rents are around 40% of the cost of a 'pod'.
I've talked to some of my tenants about this, and they all agree that both financially and socially, they'd rather live in a shared house.
Well done to the students on the judging panel - clearly they are not blinded by bling!
I assume you've seen the threads about Liverpool and Brighton lobbying for us to be charged business rates?
If that happens, I'm going to have to throw the towel in.... Read More

dom glynn

15:18 PM, 7th October 2016
About 3 years ago

Shelter's Position on the Tenant Tax

Hi BTL I S,
I got into a discussion with Shelter on Facebook regarding S24.
This is their position.
http://blog.shelter.org.uk/2016/09/debate-around-buy-to-let-tax-changes-points-to-general-need-for-extra-safeguards-for-tenants/
No doubt the above link will be their response to you if anything.... Read More

dom glynn

10:04 AM, 8th September 2016
About 3 years ago

Capital gains on BTL to be taxed as income

Reply to the comment left by "Dr Rosalind Beck ." at "06/09/2016 - 13:12":

Here you go Ros
Twenty years since buy to let took off, landlords are now a crucial part of Britain’s housing ecosystem. The private rented sector, accounting for around one in five properties, provides much-needed homes for those people who are not ready to buy or do not want to purchase a property.

However, the sector sometimes comes in for stick, with private landlords accused of snaffling new properties from under the noses of first-time buyers, driving up house prices, charging rents that are too high, and generally being a bad lot. But the real puppeteer here is market forces.

The buy-to-let boom has been fuelled by several factors according to Martin Totty, CEO of Barbon which insures both landlords and tenants: a mismatch between housing supply and demand particularly in London and the south east; rising property values making purchasing less affordable; and social changes, such as people moving more frequently for jobs.

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In 20 years’ time, buy to let could account for an even greater proportion of the total property market, Totty predicts. Indeed, it is weathering Brexit well, with rental yields sustainable and growing according to industry benchmark HomeLet, albeit at a more moderate pace than last year.

Despite the recent stamp duty hike, lenders are expected to finance more investments in residential property than in 2015. The potential fly in the ointment is further tax tweaks.

Next April, the amount of mortgage interest relief that landlords can reclaim will be limited to the basic rate of tax. But we must monitor the impact of such tax changes carefully because, no matter what you think of them, the UK needs more landlords if the population grows as predicted. Crucially, we need more houses.

Read more: Buy to let tax changes knock London luxury rent prices... Read More