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With S24 and higher rate tax and now being a company director
i have chosen Pension investment over BTL
the cash I would have used for deposits I now use funding pension and ISA
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Labour will never win an election with him in charge. Relax.
That's what they said about Trump... And the referendum.
No they didn't? Many polls (55) had the 'Leave' campaign at 50% or more in the run up to the date of referendum vote. Polling in the run-up to the 2016 US elections showed a 30% chance of Trump being elected.
I just hope he won’t get fumbled in in the current commotion in Westminster.
Who ever stays in gov. Things will keep changing,
full impact of tax changes
national licencing is an almost certainty eventually ( grenfell and behaviourbof social sector has slowed it down)
councils want ever more income from the majority on the back of the behaviour of minority.
length of tenancies, property standards , management standards etc. ( the associations are slowly positioning themselves to benefit when time comes)
not sure that rent controls will arise other than as lha rates and allowable increases during a tenancy.
the amateur landlord is not wanted, costs and regulation will be used to make it too much work to run 1/2 properties.
on flip side , i’d not be surprised to see some cgt exemptions in run up to next election to encourage “amateurs” to sell up.
Air bnb properties will get taxed one way or another.
If corbyn did get in, all the above would be harsher.
How all that pans out with housing provision for lifes least fortunate remains to be seen. Those that are currently shunned by social providers will end up being housed by specialist providers under some sort of sheltered housing costing the taxpayer a fortune.
As ever there will be opportunities for the professional landlord , but it’ll be more work and returns far more dependent on buying/building/converting well. I’m on the kent coast, won’t be buying unless prices drop appreciably and i see the future not being too harsh for the sector.
I feel these comments, from the recent IPPR report, demonstrate eloquently why the PRS is under such scrutiny and why Corbyn is desperately seeking favour with renters
"Despite the more significant role that the private rented sector now plays in the housing market, the regulations which govern the tenure have not kept pace with its growth. As a result, the 4.7 million households living in the private rented sector are not provided with the security, affordability and quality that many of them look for in a home.
This has political consequences. Analysis by the housing charity Shelter has shown that in marginal constituencies, private tenants make up a significant block of voters (Shelter 2018a). In the last election, data from the British Election Survey revealed that the majority of the increase in voter turnout was attributable to people who rent rather than own – and that was also the case for the entirety of the swing from the Conservatives to Labour (ibid). Moreover, in 253 constituencies, more than 20 per cent of voters are renters (ibid) and they are particularly motivated by housing, prioritising it as a key issue that affects their vote. The offer that is made to private tenants will be a defining political issue in coming elections."
Affordability will never be for everyone - given that 51% of UK households are net takers from Tax/Welfare system.
We now have 37% of UK households in Rentals (Social&Private) with 4.7 million claiming HB/LHA - so around half of all Rentals are non affordable to tenants - unless taxpayer tops up their income.
Go back a couple of generations and the expectations for most young adults was that they would couple up and live with one set of parents until they saved enough for a deposit on a rental.
Now that we have some 50% of school leavers attending Uni - the expectation of most young singletons thereafter is that they will treat age 18 as the last time they live with parents (75% of those aged 18 to 34 are indeed living elsewhere) though there is a group who boomerang back to parents when they cannot afford private rents.
A taste of things to come .... ?
Labour claims it was the driving force behind the government’s decision to cap tenants’ security deposits from six weeks to five for annual rentals under £50,000; the measure is today back in the House of Lords for debate.In a tweet over the weekend Melanie Onn MP, a shadow housing minister, wrote: “Labour win! Won amendments to the tenants fees bill that reduces amount of deposit renters will pay from 6 to 5 weeks. Govt hadn’t wanted to change anything so is GREAT news.”
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
The problem I see is we don’t have a political freind
what ever labour want could well flow down to the tories
the tories have moved left of centre
and that has to be a worry to us all