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  • Buy-to-Let

    Bashing BTL Landlords - City AM

    Another paper joins the Telegraph in showing the problems with the new tax: Ok I'm not allowed to post a link yet but check out Cityam
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    Lisa All comments are for education and information purposes only and do not construe as advice or a financial promotion. No liability is accepted for comments made. If you wish to receive information in an advisory capacity then please contact me about becoming a client. www.keys-mortgages.com

    A nice article from Residential Landlords Association (RLA).

    Worth every penny!

    "a Budget that will do little to boost the supply of new housing and everything to drive up costs for tenants.".
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    HI all,

    Well, I think that link sums it up in a nutshell.

    The only question remaining is if GO will eat any humble pie and indulge in some backtracking. This policy change is increasingly becoming seen as unfair and ill thought out and the ramifications will likely damage the wider market, irrespective of the fact that many landlords are being unfairly targeted. That can only come back to haunt the government at a later stage.

    The petition seems to have run out of steam, well short of the 100,000 required, lets hope he see sense and makes at least some move towards reconsidering... even partially.

    Landlords are not exactly flavour of the month with the general public, we know that, so if he chooses to ignore us, we shouldn't be too surprised about this obvious arrogance since he achieved his dream of regaining office with a majority (with our help) however the draft is still a very hard pill to swallow for us, we expected Labour to treat us like this, not our so called 'friends' in the Tory party.

    So much for loyalty.


    Tim.
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    Well done for spotting that article and bringing it to our attention here Paul.

    I don't think the Petition has run out of steam at all. I watch it every day and it's gone up by around 1,000 just today. It has more than 150 days to go... so do the maths! When I signed, there were just 49 signatures on it and it has gained momentum well since.

    The momentum I believe is just beginning to pick up as more and more reports like this one come out online and in papers and more people realise this will be bad for them, not just landlords.

    It's bad for tenants as rents will rise and/or get evicted; for trades people and many related service and product providers.... These are the people that will gradually realise it'd be in their own interests to get behind the fight to stop this crazy idea from coming to pass.

    Angela

    By the way Vanessa, I recall you saying the RLA are one of PT's sponsors (I think!)

    I would like to join the RLA as I'm impressed at their campaigning on this and the fact that as stated on their website, campaigning on behalf of landlords is their main goal.

    We joined the NLA ages ago but frankly I'm flabbergasted that there appears to be NO mention of any campaign on their site against the tax changes on the treatment of interest - only about the wear & tear allowance.

    I just thought it'd be nice to sign up to the RLA using a link from PT if you could point me in the direction of such.

    Thanks,

    Angela
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    Author of The Complete Guide to Property Strategies

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins


    Angela according to THIS you want to click HERE to join RLA.

    Big supporter of RLA lobbying. Its a very focused organisation - I also like they consult people whos names I recognise - such as David Smith (of anthonygold) and Bill Irvine (of UCAdvice).
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    THIS PROPERTY TRIBES ACCOUNT IS NO LONGER USED.
    DO NOT SEND PRIVATE MESSAGES.

    --- MORE INFO HERE ---

    YOU CAN REACH ME AT BESPOKE FINANCE or MY TEAM AT 08009202001

    Thanks Adam, I just followed the link and joined..!!

    (Mind you, I'm going to call them at 9am as after joining a message came up saying "you are already a member" - I don't recall joining before / don't know if it's just a confusing message, but they took my payment!?)

    Cheers,

    Angela
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    Author of The Complete Guide to Property Strategies

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins

    Angela,

    Bearing in mind that typically the most activity in a petition comes from the most passionate in the weeks following the launch, I stand by my comments that it is running out of steam since it is now some time now after launch, we are still have not even reached even 20% of the required 100,000 signatures required to have the issue considered for debate in Parliament. That to me suggests a definite slackening of interest.

    I agree with you that we shouldn't go down without a fight regarding the incoming reforms, but at the same time we have to remain realistic, not least to preserve our own sanity.

    I sincerely hope there is a mid to late term flurry in attracting signatures, but at present, it doesn't look likely to reach the required 100,000.

    I would dearly love to be wrong about this.


    Tim
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    (26-08-2015 10:03 AM)tpetersson Wrote:  Angela,

    Bearing in mind that typically the most activity in a petition comes from the most passionate in the weeks following the launch, I stand by my comments that it is running out of steam since it is now some time now after launch, we are still have not even reached even 20% of the required 100,000 signatures required to have the issue considered for debate in Parliament.,,,

    I sincerely hope there is a mid to late term flurry in attracting signatures, but at present, it doesn't look likely to reach the required 100,000.

    I would dearly love to be wrong about this.

    Sorry, what were you saying Tim...?!

    I wrote on Tuesday evening that I was glad to see the Petition had gone up by 1,000 signatures in a day which showed a gain in momentum from its earlier days.

    I did get a brief chance to look at it yesterday evening (one day later) although I didn't get a chance to reply and saw it had gone up by another 1,000 signatures yesterday - putting the number of signatures over 20,000 yay!!

    (A fifth of the way there for anyone who can't add up.... GO).

    I just looked again and it's up by another 200 odd already this morning and I haven't even finished my morning coffee yet!

    Now, if each person that signed can think of one person they haven't yet reached who may be willing to sign (your mother??!) then we could double that easily.... never stop fighting for what's right!!

    Glenn Rooney, I can't see GO making it to number 10... I doubt he can even count to ten! I heard that he has a degree in history - not finance, accountancy or anything like that - and he makes up ideas for taxing people that may mean they pay more in tax than they make in profit. The guy is an imbecile, clearly!

    Cheers,

    Angela
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    Author of The Complete Guide to Property Strategies

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins


    George Osbourne will find it hard to back down as memories of his "Omnishambles" budget are still fresh. He is playing a bigger game in that he wants to be the next leader of the Conservative Party and hence the next Prime Minister with a virtual free pass to hammer a Jezza led Labour Party at the next election. I doubt that he will allow landlords undermine a winning position in order allow Teressa or Boris to sneak through on the rails. In short, he cannot afford to back down even if he knows that he is wrong. That's politics for you.[/u]
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    The Telegraph article has boosted interest in the petition over the last couple of days but it's going to take a few more, similar articles in the mainstream press to get the number of signatures up to the magic 100,000.
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