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  • Buy-to-Let

    The anti-landlord "domino effect"

    "Landlords buying in London face an average £40,400 stamp duty bill compared to £6,300 for an investor buying outside of the capital."

    Not news that this happens, but yesterdays report says that the amount of London based landlords buying outside of London is at it's highest level.

    Full story > https://www.ftadviser.com/mortgages/2017/05/16/london-landlords-branch-out-to-the-north-and-east/ 

    The same newspaper (Financial Adviser, a brand of Financial Times) also writes that landlords are looking even more closely to cutting costs by doing a lot more DIY.  The effect is a knock on that jobs in the property support industry are at risk.

    This story > https://www.ftadviser.com/mortgages/2017...age-costs/

    Taking an even wider view of the domino effect, where does it all end??

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    Revolution?

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    Mr Mark Alefounder

    Mortgage & Protection Broker

    Optimum Independent Financial Advisers

    Mobile 07716 647 928

    Tel: 01206 366700

    https://www.optimum-ifa.co.uk

    The financial regulator, the ‘Financial Conduct Authority’ designates that there are two different types of financial advisers, ‘independent’ and ‘restricted’. The status of an adviser firm will affect the type of advice that is given. A restricted adviser firm can only recommend certain products or product providers, whereas an independent adviser firm, such as Optimum, is able to consider and recommend all types of retail investment products and/or providers that could best meet clients needs and objectives. Optimum Independent Financial Advisers offers genuine unbiased and unrestricted advice.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    Optimum Independent Financial Advisers is authorised and regulated by the Financial Conduct Authority

    Financial Services Register Firm Reference Number (FRN): 223293

    © Copyright 2017 Optimum Independent Financial Advisers. All Rights Reserved

    Where does it End That's the Million Dollar question

    The answer will be when the Govt wants it to end

    The only party I can see that has a PRS Policy is the Loony Greens

    The rest have said very little Labour will tax more we know that but what else will they have up there sleeves

    The Tories are moving more to the left so God know what they want to do


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    Learn Change and Adapt ?????


    Actually the Tories have moved so far to the right that they are almost unrecognisable - and in fact they have moved completely into UKIP territory.

    I would class their stance on BTL as a populist rather than "leftist" or socialist move (in the model of the lunatic in the White House).

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    People talk about the ripple effect coming out of London

    Ive never understood quite when where and why any ripples that start up then stop

    Do ripples  run out of steam 50 / 100 /150 /200 miles away

    Is the ripple a uniform ripple or an uneven ripple determined by a myriad of other unrelated  factors

    When does London start up again  and people flood back in and the ripple starts all over again

    Or is it a constant ripple?

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    Jonathan Clarke. https://www.buytoletmk.com

    I don't look at the ripple in terms of distance, but in terms of speed.

    I've seen the ripple move from London and take about 3-5 years to get to me, then another 3-5 to get to my investment area.

    From what I've seen, when it comes to moving home, people like to swap what they've got and get a lot more for that £££ further out. A 2 bed flat in central London becomes a 3 bed detached in Zone 5 etc. etc.

    But when it comes to investing, London people with cash will be looking at the commuter belts outside of the M25, most probably north of north London as the communications are very good (now with Crossrail it may make a difference?), buying is so much cheaper.

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    Do you think the Govt have a Policy on housing

    what do they want Stagnate House Prices Falling House Prices

    If they could show me a Policy I would plan maybe buy more maybe not

    All I want is an honest policy for the long term

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    Learn Change and Adapt ?????

    Yes they will have a housing policy but is largely an empty document as they don`t honour it

    The document is vague by nature. Cant blame them

    They have to adapt just like we do  to an ever changing landscape

    They know they cannot possibly satisfy all sectors at once so they try to strike a balance

    They are swamped by pressure groups

    They are swamped with global matters which they cannot control

    They want a predictable pattern as much as we do perhaps but they will never have it

    Even if they are 10 times more intelligent than the average man or woman it is an impossible task for them

    But I like democracy and the way it is set up. Its not perfect but i feel safe

    Some people make their money out of life`s uncertainty

    Or someone like me chooses more the hovercraft approach

    Its a boring strategy maybe but it mostly just skims above the turbulent waves below for a smooth ride

    Get rich slow. I don`t feel the desire  to dive in and buy at the bottom and sell at the top.

    I will get a soaking  and may drown.

    I got to my destination by mostly adopting this hovercraft strategy

    But I am still vulnerable as anyone to a massive freak wave to knock me off course  or sink me

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    Jonathan Clarke. https://www.buytoletmk.com

    As reported just recently, landlords contribute £15.9bn to the economy! 

    If the PRS contracts, many suppliers of products and services will feel the effect as Lisa Orme explains in this video:


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    every landlord supplier needs to support this But they don't

    My Building Contractors have on 25% the Business I was doing 2 years  ago

    My Mortgage Broker only gets business now when I sell to my Company

    My Solicitor only gets the same property into my company

    My Insurance broker will not get any more property to insure

    and the list goes on and on and I have yet to meet one of my suppliers  who knows anything about the changes


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    Learn Change and Adapt ?????