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The most likely scenario is several £100,000 better off than I am today. God love compounding!
This country is doing pretty well economically, amazingly so if you believed Project Fear.
If Brexit is not sorted out then the Brexit party and LibDems are likely to be the largest parties after the next referendum.
If Brexit is sorted out then the Brexit party will likely collapse. Most of their supporters will likely go to the Conservatives. Corbyn will likely still have a bad reputation from it . Unless Labour replace him the Conservatives are likely to be the largest.#
Even if Labour managed to become the l;argest party they are likely to need the support of the SNP. They are unlikely to have a majority in England, and since housing is devolved the EVEL law will make it near impossible to get controversial housing law passed for England.
The current proposal to replace S21 doesn't look too bad provided the improvements to Section 8 are done reasonably well.
So overall I don't expect things to get really bad. So I expect things to be pretty much the same.
More and more and more regulation to support the armies of council honchos churned out by the education system that need to justify their degrees with white collar jobs.
Smaller LL's cashing in as just not worth the hassle for no profit and falling foul of regulation.
A time of great opportunity for professional LL's to hoover up good property with slick business models.
Government will have acheived it's objective of making BTL unattractive to the small investor and ever greater ability to monitor the individual citizen.
End results rents will move ever higher and there will still be a chronic housing shortage, particularly for those on benefits...
Slight loosening of policy eventually as sector becomes deeply unattractive to investors.
Same old short term politics...
Thank you for sharing your views and concerns, it’s always good to plan ahead and expect potentially the worst-case scenario. We live in a world that constantly changes and we always adapt, I believe if you prepared to expect the worst you will able to overcome it.
Transparency notice: OneandOnlyPro is a commercial partner of Property Tribes.
With the ever increasing number of changes in legislation and taxation and the uncomfortable feeling they haven't finished with us yet, I'm feeling at the moment as though my destiny is being taken out of my hands.
At one time I would have felt confident in predicting where I would be in five years time but the answer at the moment would have to be 'it depends on what happens'.
That's not good.
We all need more certainty to be able to plan ahead for our businesses and at the moment I feel as though it's all in the lap of the gods (or at least the government).
Whatever are they going to come up with next???