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bill morgan
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Peter, You say landlords are subsidised by the Government through housing benefit payments yet the LHA rates are in the lowest 30% of all rents on the market.I rent to housing benefit but let me assure you I am not going to continue especially if this new tax comes in.I am switching to working people or tourists.I will make more money and the threat of this tax has motivated me to change direction. It will be the poorest people on benefits that are going to be hurt by this tax and when they have no where to live the Councils will have to pay for B&B.I really think this tax is going to back fire.Time will tell. Landlords make up about 18% of the housing stock and many of the tenants will never qualify for a mortgage.If there are fewer properties to rent, where will all these people live? We need to build more houses, reduce immigration and reduce the population.
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From: bill morgan
20 October 2015 01:07 AM