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  • Buy-to-Let

    Will Labour win the Election?

    Dear Tribers,

    Can we really expect Corbyn and his gang to get in? that would be my worst nightmare as over 10 years of hard work and investment would be at risk....

    Regards

    6
    1

    Well if they do then I will be leaving the country for sure.

    10
    0

    ...Come on down South to 'little old' New Zealand....2.04 NZD's for your One British Pound...!!!  Instant Millionaire. 

    2
    0

    Would you like to tell us why you are so worried?

    2
    4
    If they  make landlords pay for council tax then BTL is over?   They will add in rent control so there is no way around it.  Everyone's profit will collapse.
    7
    0

    Chaos will reign....your investments will be heading for a financial "blackhole".....

    5
    0
    So then we sell at loss to tenants. Market recovers, tenants make profit. Corbyn objective achieved - wealth redistribution aka theft. What a nice man.
    5
    1

    If they were to do as you suggest there would probably be a 50% bail out of LL's in the sector. Where would those people then live?

    Whilst Labour are the home of stupid ideas, they would also have to think about the reality of those ideas.

    It would certainly clear out those LL's that weren't making much profit - it would be cheaper to have the property empty!

    3
    2

    To build on your scenario.

    Everyone's profit will collapse > Market Flooded with Properties as LL desperate to get rid > Property Crash > Banks Call on their mortgages > Repo Galore > Economy Collapse......

    End of Capitalism = Corbyn Monoxide's Mission Accomplished.

    3
    1

    Because I get the impression that Corbyn and the rest of his identity politics types hate landlords? They have previously mooted right to buy from private landlords at a substantial discount. Other policies - landlords should pay council tax, not tenants etc etc.
    4
    0