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Labour could give tenants who rent private homes the right to buy them at a cut-price rate, the Shadow Chancellor has revealed.
John McDonnell outlined the party’s incendiary plans to ‘tackle the burgeoning buy-to-let market’ in a bombshell interview last night.
The dramatic policy is designed to clamp down on middle-class families who buy a second property as a nest egg for their retirement.
The suggestion from the Shadow Chancellor – applying Margaret Thatcher’s iconic right for council tenants to buy their homes to those who rent properties from millions of private landlords – offers a chilling insight into the consequences of a Labour victory in any snap election.https://www.dailymail.co.uk/news/article...2tdU8cMWys
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.
Cant see that happening unless it somehow suited both parties
Let alone at a discount
Come up with a mutually beneficial plan by all means to allow a smooth transition
If my gain was 30K though on 100K a 30% discount for a tenant to buy is robbing me of 30K
Its one thing HMRC stealing my money via s24
But Mr and Mrs Jones gaining 30K at my expense is just not going to happen
They become the capitalist then on completion
99% of my tenants couldn't afford to buy mine anyway even at a 30% discount
Jonathan Clarke. http://www.buytoletmk.com
So male has no NI contributions so no State Pension.
If we end up post Brexit with ID cards to prevent non eligible use of NHS etc that could also be an issue for the male
They could also be "grassed on" and have the UC clawed back etc.
Lone parent on benefits with boyfriend unofficially cohabiting is a long standing issue - though the mother will be expected to work as soon as youngest child is aged 5 when they are placed on sanctionable JSA - unless the plan is to get pregnant every 5 years until menopause - I recall a few years back a Tory grandee being pilloried for saying it was a crass piece of legislation ie encouraging sequential pregnancies.
Yes as we saw with the Syrian refugees the vast majority were fit and young - hence would not be disability claimants.
In contrast the UK NHS has enabled long term survival of many people with significant congenital impairments - plus those with acquired impairments - hence there is a significant cohort with genuine chronic sickness and/or disability.
I did some viewings the other day and was quite surprised at the number of people boasting about their abundant cash in hand income. I was letterally meeting these people for the first time and they would have had no idea what my main ocupation was. Luckily for them I'm not an HMRC inspector. Some people were even messaging me about the property and stating their cash in hand income in their initial message to me.
"99% of my tenants couldn't afford to buy mine anyway even at a 30% discount"
The problem is JC with that amount of cash up for grabs there will be a shadowy new industry. Buy your house with our money and we'll buy it off you and rent for what you are renting now plus 10k or whatever.