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  • FIRST POST
    • Yulia
    • By Yulia 22nd Sep 16, 4:29 PM
    • 9Posts
    • 0Thanks
    Yulia
    Hard days for landlords or to be landlords.
    • #1
    • 22nd Sep 16, 4:29 PM
    Hard days for landlords or to be landlords. 22nd Sep 16 at 4:29 PM
    Hi all.
    What do you think on becoming landlord now.
    House price soaring, govt forcing FTB to use help to buy or other schemes for their first home. At the end buyer is end up with paying more for even small house.
    Builders are enjoying the time.
    It is really hard to buy BTL property.
    Is making things hard for landlords a failure of govt?
    Days by day profit in this business is decreasing. Something to react now?
Page 1
    • fairy lights
    • By fairy lights 22nd Sep 16, 4:35 PM
    • 5,833 Posts
    • 18,542 Thanks
    fairy lights
    • #2
    • 22nd Sep 16, 4:35 PM
    • #2
    • 22nd Sep 16, 4:35 PM
    Is making things hard for landlords a failure of govt?
    Originally posted by Yulia
    Why would it be a failure of the government? Why would it be the governments job to make things easy for landlords?
    • Bluebirdman of Alcathays
    • By Bluebirdman of Alcathays 22nd Sep 16, 4:35 PM
    • 2,345 Posts
    • 2,258 Thanks
    Bluebirdman of Alcathays
    • #3
    • 22nd Sep 16, 4:35 PM
    • #3
    • 22nd Sep 16, 4:35 PM
    Hi all.
    What do you think on becoming landlord now.
    House price soaring, govt forcing FTB to use help to buy or other schemes for their first home. At the end buyer is end up with paying more for even small house.
    Builders are enjoying the time.
    It is really hard to buy BTL property.
    Is making things hard for landlords a failure of govt?
    Days by day profit in this business is decreasing. Something to react now?
    Originally posted by Yulia
    I suspect lots on here regard it as a success by the Government.
    • elverson
    • By elverson 22nd Sep 16, 4:38 PM
    • 324 Posts
    • 176 Thanks
    elverson
    • #4
    • 22nd Sep 16, 4:38 PM
    • #4
    • 22nd Sep 16, 4:38 PM
    Buy to let makes things harder for first time buyers so it's good that the government are making BTL difficult.

    Nobody is forced to use Help to Buy.
    • Yulia
    • By Yulia 22nd Sep 16, 4:41 PM
    • 9 Posts
    • 0 Thanks
    Yulia
    • #5
    • 22nd Sep 16, 4:41 PM
    • #5
    • 22nd Sep 16, 4:41 PM
    Why would it be a failure of the government? Why would it be the governments job to make things easy for landlords?
    Originally posted by fairy lights
    Introducing extra stamp duty on BTL, more tax on profits, etc...do we think it's easier than before? Instead making more homes rather than stopping others to creat a property business is nature of help.
    • Guest101
    • By Guest101 22nd Sep 16, 4:43 PM
    • 11,107 Posts
    • 10,469 Thanks
    Guest101
    • #6
    • 22nd Sep 16, 4:43 PM
    • #6
    • 22nd Sep 16, 4:43 PM
    Introducing extra stamp duty on BTL, more tax on profits, etc...do we think it's easier than before? Instead making more homes rather than stopping others to creat a property business is nature of help.
    Originally posted by Yulia


    But that's not the issue with BTL.


    By definition your business is only successful when someone is living there.
    • Yulia
    • By Yulia 22nd Sep 16, 4:49 PM
    • 9 Posts
    • 0 Thanks
    Yulia
    • #7
    • 22nd Sep 16, 4:49 PM
    • #7
    • 22nd Sep 16, 4:49 PM
    Buy to let makes things harder for first time buyers so it's good that the government are making BTL difficult.

    Nobody is forced to use Help to Buy.
    Originally posted by elverson
    I am with FTBs... After introducing HTB and other schemes, FTBs have paid overly rated price for their homes. No doubt for first 5 years it's easy to manage but at the end they have to pay out their mortgage on high asking price of home, moreover migrants are also end up with paying high rents.
    • marksoton
    • By marksoton 22nd Sep 16, 5:05 PM
    • 15,802 Posts
    • 35,414 Thanks
    marksoton
    • #8
    • 22nd Sep 16, 5:05 PM
    • #8
    • 22nd Sep 16, 5:05 PM
    Introducing extra stamp duty on BTL, more tax on profits, etc...do we think it's easier than before? Instead making more homes rather than stopping others to creat a property business is nature of help.
    Originally posted by Yulia
    I am with FTBs... After introducing HTB and other schemes, FTBs have paid overly rated price for their homes. No doubt for first 5 years it's easy to manage but at the end they have to pay out their mortgage on high asking price of home, moreover migrants are also end up with paying high rents.
    Originally posted by Yulia
    Say again.....?!
    I'm an idiot troll. Apparently...
    • Yulia
    • By Yulia 23rd Sep 16, 11:40 AM
    • 9 Posts
    • 0 Thanks
    Yulia
    • #9
    • 23rd Sep 16, 11:40 AM
    • #9
    • 23rd Sep 16, 11:40 AM
    Say again.....?!
    Originally posted by marksoton
    I am with FTBs.
    • Guest101
    • By Guest101 23rd Sep 16, 11:42 AM
    • 11,107 Posts
    • 10,469 Thanks
    Guest101
    I am with FTBs.
    Originally posted by Yulia
    You need to explain what you mean better
    • marksoton
    • By marksoton 23rd Sep 16, 11:45 AM
    • 15,802 Posts
    • 35,414 Thanks
    marksoton
    I am with FTBs.
    Originally posted by Yulia
    I'm with Nationwide. What's your point?
    I'm an idiot troll. Apparently...
    • Crashy Time
    • By Crashy Time 23rd Sep 16, 2:56 PM
    • 2,630 Posts
    • 1,614 Thanks
    Crashy Time
    You need to explain what you mean better
    Originally posted by Guest101

    Sounds to me like they mean that landlords being forced to sell up is a good thing?
    • theartfullodger
    • By theartfullodger 23rd Sep 16, 3:48 PM
    • 8,257 Posts
    • 10,763 Thanks
    theartfullodger
    Hard time for landlords??

    What, when rents keep going up & up yet interest rates are at an historic, never before reached, low making their mortgage payments minuscule??

    Nah....
    • teddysmum
    • By teddysmum 23rd Sep 16, 4:30 PM
    • 5,089 Posts
    • 3,108 Thanks
    teddysmum
    It's BTL landlords who are punishing first time buyers, by grabbing the properties , so making prices rise due to supply and demand.


    If migrants don't want to pay high rents , they are not obliged to come here, so their leaving would free properties for those first time buyers you 'support' but would prefer as clients.
    • kilby_007
    • By kilby_007 23rd Sep 16, 4:30 PM
    • 398 Posts
    • 211 Thanks
    kilby_007
    Hi all.
    Greedy landlords have helped make it really hard for FTB to buy BTL property.
    Originally posted by Yulia
    I've ammended that for you.

    Is making things hard for landlords a failure of govt?
    No it's a success, or a start at least.
    • teddysmum
    • By teddysmum 23rd Sep 16, 4:32 PM
    • 5,089 Posts
    • 3,108 Thanks
    teddysmum
    Oh, dear.I think the OP was expecting sympathy.
    • anotheruser
    • By anotheruser 23rd Sep 16, 5:49 PM
    • 2,147 Posts
    • 1,364 Thanks
    anotheruser
    I am all for Landlords having a bit of extra income.
    However, do I think it should be a sole source of income? No.

    I do wish there was legislation in place so no sole person, nor a company they own, nor whatever else people will find to get round the rules, can own more than two or three properties.

    When I see some streets of houses owned by the same person, I think it's just pure greed. Hopefully, there will be a bubble at some point, so when said person comes to sell all those houses, they won't be worth what they are now, because the housing market will be flooded with lots of other landlords trying to sell too.

    Then, first time buyers like me (who have just bought their house), feel the pressure because our house isn't going to increase in value. How awful many landlords who own tens and hundreds of houses are!
    • DoctorDooLittle
    • By DoctorDooLittle 23rd Sep 16, 6:22 PM
    • 26 Posts
    • 13 Thanks
    DoctorDooLittle
    The government saw an opportunity to:
    1. Make some tax money from landlords.
    2. Gain votes from FTBs at the same time.

    The goverment doesn't want to kill the cow, they just want to milk it as much as possible.
    That's the same attitude they have to most businesses and individuals.

    The increased SDLT, reduced income tax allowances, increased paperwork, regional (devolved governments) variations increasing, leaving EU - all go against small time landlords.
    I'm predicting small time, private landlords will reduce and large scale professional landlords / housing associations may increase. The only difficulty for housing associations in their present form being the new RTB extension.
    This is without any possible new legislations in favour of tenants. (eg longer tenancies, rent capping etc.)
    So yes, I'd agree with the OP - not the best time to be entering the BTL investment scene. (Note I don't call it a business, as most BTL investors are not incorporated at present).
    • agrinnall
    • By agrinnall 23rd Sep 16, 6:28 PM
    • 14,947 Posts
    • 10,699 Thanks
    agrinnall
    (Note I don't call it a business, as most BTL investors are not incorporated at present).
    Originally posted by DoctorDooLittle
    What on Earth does incorporation have to do with being a business? There are many thousands of businesses in the UK that are not incorporated, and their owners would be insulted by your assessment.
    • DoctorDooLittle
    • By DoctorDooLittle 23rd Sep 16, 6:39 PM
    • 26 Posts
    • 13 Thanks
    DoctorDooLittle
    What on Earth does incorporation have to do with being a business? There are many thousands of businesses in the UK that are not incorporated, and their owners would be insulted by your assessment.
    Originally posted by agrinnall
    Why would someone be insulted that I referred to their properties as an investment, rather than a business?

    I know not all businesses are limited companies.
    But if you're not a limited company, then you've got no limitation for liability, so the only protection against someone persuing you would be your public liability insurance - correct?
    You'd need to look at 'badges of trade' etc.
    What view does HMRC take?
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