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There are quite a few MPs who rent out property and I think I am right in saying most dont borrow
so S24 ect has no effect on there BTL business
I always thought that the Tories supported us ??? How wrong I was ??
I dont trust them ??
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.
It takes about 2 years before new changes can come into effect.
I see people who decide to rent their home as a group that may one day become politically weaponised abit like pensioners if they get big enough. They're plenty big right now. They will make or break a party getting elected. At the moment, they're limited to local/regional politics, not national. So the local mayor may campaign on rent controls etc. But you won't necessarily get national campaigns based on it.
Giving tenants some security is a good thing, but not before investment into the courts system that can clear backlog of housing cases and simplify it.
The majority of Mortgage Solutions readers are convinced of the upsides of Boris Johnson's premiership, with 46 per cent anticipating that his time in office will be good for business.The latest reader poll asked, ‘Do you think Boris Johnson’s premiership will be good or bad for your business?’
A further 19.8 per cent opted for ‘no real difference,’ while 18.7 per cent said ‘bad for business’ and 15.5 per cent said ‘I don’t know’.Full/source article
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**
After George Obsborne's treatment of landlords, recently extended by Phil Hammond, (the effective abolition of Private Letting relief was a huge hit on landlords), we cannot expect much from the Tories, I fear.
However, there is a report out today from RICS showing that rents are rising at a very healthy pace indeed.
The RICS release also highlights that the much talked about "build to rent pipeline" seems to be stuck or have a nasty fatberg size blockage in the pipe somewhere. This is leading to rising rents.
But why is this happening? I would argue it could be, in part, due to the fear of a general election leading to a possible Labour led government.
Projected numbers banded about by BTR advocates and consultants like Savills, CBRE and of course, the ever-present and yawnsom trade body, the British Property Federation, might look big, but spread across the UK, they are small and a fraction of total existing private rental stock.
Of course, none of those interested in build to rent will be inspired and made any more likely to invest for the long term when the like of Corbyn and Mayor Khan talk about rent controls.
The reality is that one logical outcome of talk of rent controls by Labour is to further cut investment in new build to rent stock, especially from pensions funds (with their long term horizons designed to match income with liabilities, rent controls are a serious risk).
Taken that together with possibly reduced stock as the more fearful landlords sell out, pressure on rents will only increase.
So actually good news for landlords, as long as Labour don't actually get in.
In the meantime, we will have to expect that Boris, like previous Conservative leaders of recent times will back more stuff that helps win votes from tenants. (There are more tenants than landlords!)
Rent controls really are the second best way to destroy a city, short of bombing it as the enlightened socialist economist, Assar Lindbeck said.
But I would not put it past the Tories to impose some form of rent control on the PRS whilst exempting their city institutional investor pals.
See more here on rent control risk: https://www.lettingfocus.com/blogs/2016/...ls-london/
David Lawrensonhttps://www.LettingFocus.comIndependent Advice for Landlords
Really impressed to see how Boris Johnson is using social media to speak direct to the nation and therefore cutting out biased media. Bravo Boris!
is different and maybe thats what the country needs
I will leave my judgement on Boris until Oct 31
Until then I wish him the best of luck I think he is on the right course