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ken hume
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Well done Vanessa, a clear and concise reply. I think that Henry didn't like being told that his view was not shared by the majority of Landlords on your forum. Easiest way out of an argument? Walk away. Your (almost!) impartial response was a perfect antidote to his attempt at headline grabbing. Of course, it is not really a Tenant tax, it is clearly a Landlord tax aimed at financed individuals. The impact to tenants is the point being underlined as he well knows which is already hitting & will continue. I think that most Landlords are very clear on this point. The point being conveniently ignored by Henry is that rents will inevitably rise through this unfair tax. Maybe he has too many wealthy clients for whom S24 will not have the slightest impact, but we will see those same individuals jump in and follow on as rents rise, it's a double win for them. I think that the lack of an impact statement was a key error on the part of the government and this will come home to roost over the next few years as rents rise and stock levels decline. Anyway the good news? Government are so tied up in Brexit negotiation we can expect less meddling in the housing market whilst the beaurocrats are busy rewriting policy for years to come.
From:
ken hume
06 April 2017 08:55 AM
The three year tenancy incentive for Landlords will be interesting. I think if handled correctly it could be a good option for both Landlord and Tenant. The key is making sure tenants rights do not exceed Landlords- rent act springs to mind! The ability to evict for rent arrears or unsociable behaviour is crucial.
From:
ken hume
06 February 2017 08:21 AM
Well spotted Graham , very interesting article, many others know that this is true. The crabs in a bucket argument springs to mind. If they really wanted to kill buy to let, they woulds have stamped on corporate buy to let, im guessing that they have too many friends involved there. The implications for supply are profound and will only be seen in time as supply for tenants drops and inevitably rents rise- smashing the chance for many first time buyers to save for a deposit
From:
ken hume
30 November 2015 09:19 AM
Typical vilification of Landlords any supply gain will be more than offset by a loss of new rental property from potential landlords put off by the increase. Therefore supply goes down, rents rise crazy decision from an inept chancellor
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25 November 2015 17:10 PM
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30 November 2015 09:19 AM
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