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With the Conservatives intent on self destructing, the possibility of Corbyn being given the keys to No 10 feels an ever increasing possibility.
We all know he will target Landlords - I would be interested to know your thoughts on what you think may lie ahead should there be a change in government?
Lots of commentary on this topic:Corbynomics and the impact on Buy to Let Video: Corbyn's threat to investors Why is Jeremy Corbyn silent on Section 24?! If George Osborne doesn’t kill buy-to-let, Jeremy Corbyn will Jeremy Corbyn - Rent Control Hypocrisy
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**
Thanks Vanessa - I've just read through the comments on the first link and that was enough reading for one day - I now plan to lie down for the remainder of the morning as my head feels somewhat dizzy.
I'm not convinced that he will target all landlords.
As a lodger/resident landlord I anticipate very little change, if any.
As a commercial/STL landlord I anticipate a rise in business rates and/or council tax, but little more.
As for leveraged residential landlords... I wouldn't like to even hazard a guess.
We'll all be sent to Gulags.
Dont be silly! If previous efforts at Socialism has taught us anything, the chances are we'd die from starvation before then.
_________________________________________________________________________The above post is not financial advice, its often me rambling - passing time on a coffee break.If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance._________________________________________________________________________
Jeremy Corbyn sounds much scarier than Brexit. If he comes to power then I’m selling!!!
The two together sounds like Armageddon, I’ll move as well, probably together with another 10 million people ?.
You'd only sell if you were able to sell. The pound would become worthless and the financial services sector would collapse. Who would be willing and able to buy your properties?
Gosh, you are even more pessimistic than me!
Great news , hopefully Jeremy will stop the scurge of buy to let's so normal people can buy and rent at a reasonable price! Good riddance!
Bad news, Roger, landlords are normal people too.