Petition to reinstate mortgage interest tax relief?

Petition to reinstate mortgage interest tax relief?

17:08 PM, 20th December 2022, About A year ago 24

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Since I reposted the petition link this morning, only 500 or so people have signed it!

I appreciate not everyone would have read the post, but why are Property 118 not sending this out daily to all their subscribers? Such an easy way to help. I would have thought this would get to 100,000 easily – in a matter of days!


Reinstate tax relief allowing mortgage interest to be set against rental income

We want the Government to reinstate the ability of landlords to set the full amount of mortgage interest against rental income before tax is calculated.

Like many self-employed business people, I am a small, well-established private landlord that is now struggling to make any money from letting properties.

Unless the ability to offset mortgage interest against rental income is reinstated I will like many be forced to sell my properties. This could reduce the number of properties available on the private rental market.

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Neil Patterson

17:10 PM, 20th December 2022, About A year ago

We have helped finance, fought and lost the Axe The Tenant Tax Judicial review.

Also numerous petitions, but happy to have another go.

22:41 PM, 20th December 2022, About A year ago

Please add my name to this petition. I can honestly see the houses available in the private rented sector decreasing considerably ,this will have massive implications for local authorities having to house those leaving properties to allow their owners to sell . High interest rates aren't helping either . One day , when it's too late , people will realise what an excellent service landlords deliver .

Ofer Moses

10:37 AM, 21st December 2022, About A year ago

Reply to the comment left by Gordon Griffiths at 20/12/2022 - 22:41
I've signed too, however I feel the petition would be seen more favourably if it included the knock on effects on tenants and supply of much needed homes.
Truth is, if people in authority need to be told, they probably shouldn't be in their post!
Unfortunately, this will likely fall on deaf ears.
I've forwarded the link to my MP together with a few words of my own, however my guess is that I will receive a curtious but unhelpful reply.
Still, let's try and be positive, eh!


10:41 AM, 21st December 2022, About A year ago

I have written to my MP over the mess they are making of tje private rental sector ,happy to sign.

Laura Delow

10:50 AM, 21st December 2022, About A year ago

I again wrote to my MP (useless that she is as she never replies to anything) & the Chancellor's office just the other day with the simple example I took from Mark's recent video clip. I've had an acknowledgement from both but I'm not holding my breath for a response, but decided to still write requesting section 24 be revisited as no landlord can be expected to continue to run a business on this basis & because; “The only thing necessary for the triumph of evil is for good men to do nothing.”


12:23 PM, 21st December 2022, About A year ago

I’ve signed, happy to do so! Landlords are being hammered from all sides. It will all end in tears. If there are 4 people applying for every house; then this government are going to have serious problems.

Seething Landlord

12:34 PM, 21st December 2022, About A year ago

The NRLA and other landlord groups have been banging on about this for the last 6 years or more and government are well aware of the situation but there is every indication that they are prepared to ride out the storm until it finally engulfs them.

Kay Landlord

14:22 PM, 21st December 2022, About A year ago

Signed. There are now 11,481 signatures so its growing..

I have always supported any lobbying and wrote to the PM, Treasury and others. I can see it getting even harder this year. Are there any glimmers of hope? We could do with some positive news. The UK press is beginning to support us as they can recognise the loss of PRS is mainly due to to the anti
landlord policies since 2015. It certainly worked for the government and now they are having to suffer a massive downturn in available housing and a large increase in homelessness and extra costs to the councils.

Kay Landlord

14:25 PM, 21st December 2022, About A year ago

Reply to the comment left by Neil Patterson at 20/12/2022 - 17:10
Neil, did you get any positive feedback? I know the NRLA tried but have you heard anything at all?


15:04 PM, 21st December 2022, About A year ago

Reply to the comment left by Ofer Moses at 21/12/2022 - 10:37
I am probably in the camp ‘we have no chance of changing the decision on Section 24’. However we have little to loose so we must try.
Maybe a partial compromise with no rent increase if we get full offset of all mortgage interest paid. This way the tenant also gets a benefit, and we are better off than we are now, but possibly still worse off than we would have hope to have been with cost of mortgages increasing.
I have signed now 11,512 signed.

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