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The latest addition of LGR's Talking Property with Karl Knipe at the helm is of interest to tribesters.In this episode "Are Landlords and the Private Rental Sector Under Attack?" guests are:Investment commentator Graham RowanRLA Policy Director David SmithInventory Chair Danny Zane andLondon Housing Assembly spokesman Andrew Boff.The panel discuss the possible abolition of Section 21 no fault evictions:
Graham Rowan says the Government has a vendetta against private landlords and also cites the lack of awareness and engagement by landlords on these issues as contributing to landlords getting a hammering!SEE ALSO - Section 21 - curated threads, news, & videosUP NEXT - Graham Rowan - "BTL in 2019? I'm out!"DON'T MISS - Are you preparing for "Corbygeddon"?NOW WATCH:
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**
I went in the loft the other day and brought down my Grandfathers steel helmet and Gas mask from world war Two
I put them on every time I read UK Landlord news
Of course we are under attack we are not to be encouraged just like the rest of investors in the UK today
The question I need to know is Do I need to build and Air Raid Shelter in the Garden for more attacks
I think I better start digging
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.
An excellent debate that certainly highlights some of the current issues.
I don't believe that landlords are under attack, its the AST that's under attack, borrowing for an AST was just the start.
If I had a machine that manufactured widgets and the government were penalising widgets, they are not penalising all manufacturing, just widget manufacturing. If all my machine can make is widgets I have a problem, but if I adapt my machine to make gadgets instead, I no longer have a problem.
There's no vendetta and landlords are not under attack.
What we are seeing are sensible policies rectifying decades long anomalies.
I think I most likly agree with you
But Retrospective Taxation is unfair and may cause more problems than it solves
I agree with a lot of lending rules PRA ect and I agree with Stamp Duty (The Property Greed Tax)
There is a lot of things the Govt and Now Councils are going to bring us
But the question is will it provide better homes to rent and a better deal for our customers
I am not sure the Govt has done one thing to make my Customers feel safer in there home due to the Taxation of Landlords and regulation of Landlords
I think as more landlords are taxed more will sell That causes a shortage and then one thing will happen Rents will rise and the Poor will have a problem paying the rent and then they go in arrears and then there evicted and then it falls on the Tax Payer for short term accommodation ect
We need some joined up policy's from govt and some sensible policy's so we can work with them in future years and make this sector better for all
I know I am in a Minority but I support Rent Control
I think limiting LTVs to, say, 50% LTV would have been better than taxation changes, agree with you there.
The retrospective thing doesn't bother me as landlords were given plenty of years of warning to get their affairs in order, I don't like the fact that it's effectively a tax on turnover rather than profit.
Agree that the sectors needs a reform - however the way the Govt have and are going about is poorly thought out
What would you do differently?
It doesn't surprise me as past and present govt have messed up on countless number of issues.
This is off the top of my head...I am sure if we put our minds to it the list is endless.......so why would their treatment of PRS be any different.
they should look at the evidence of why S21 is triggered by LL in a majority of cases, come up with a better alternative and then propose that while ensuring stability for the tenants.
They are aren't they? They're reviewing Section 8 procedure as part of this.
I've long said I'd accept losing S21 if they sort out eviction process for legitimate reasons such as rent arrears or ASBO behaviour.
Lets wait and see whether Sec 8 will be fit for purpose...