118 Landlords Panic and try lobbying MP's yet again

chucknorris

cells wrote: »

Im not so sure. How many first time buyers or recent buyers when they go into cast their vote in 2020 are going to think....this time im voting for George he increased my landlords cost 4 years ago and im thankful.

I reckon they were just looking at ways to find extra tax

They should also target people who rent out homes and don't declare it and also people who sell homes and don't pay the CGT. I have no idea of the scale of that problem but I suspect and its only a guess that it could be as much as a million+ such BTLs (mostly small landlords maybe with just a single BTL) who really should be contributing

I would hope that they were already after those not paying their taxes.

The-Joker

Graham_Devon wrote: »

It will only really be a problem for those who are highly leveraged.
In this respect, this does kind of go after the "right people" (IMHO). It goes after those landlords which have taken on a much higher risk...many having bought multiple properties with mortgages up to 80% of the property value.

It's notable that Mark Carney is talking to the select committee about the "buoyancy" of BTL today. Clearly this wasn't all Osbournes doing. Carney has several times made statements about the BTL risk.

Even those who had a lot of equity have taken on other properties and in fact put themselves at a huge risk.

gadgetmind

Generali wrote: »

I don't know how many REITs have debt. I know the ones we run have no borrowing at all.

Really? Most REITs have borrowings, which is why some came unstuck as they breached their covenants. I've carefully chose REITs and property companies with low gearing, but I'm not aware of any with no gearing.

Crashy_Time

Prothet_of_Doom wrote: »

It was A CONSERVATIVE government that brought in the right to buy council houses, whilst at the same time preventing councils from replacing council houses for ordinary people to live in.

It was a conservative government that took interest rates on mortgages to 15.5%, thus making many people unable to pay the interest on their homes which were then in negative equity, due to the bursting of the bubble in the early 1990's.

And it will be a CONSERVATIVE government who burst this housing bubble...mark my words :money: If they don`t Labour will take back power by building council houses.