Buy to let stamp duty surcharge and other related news

[sasguru]

It seems to me as a BTLler that it's in everyone's interest for there to be a stable rental market.
For the time being home ownership is not realistic for many and so there should be rights and protections for both landlord and tenant. While there are many landlords who want to make a quick buck, and many tenants from hell, the vast majority are neither. Many landlords I know charge less than the going rate in exchange for stability and good character in a tenant, and most want the value of their property to be preserved and so are prompt with fixes and updates.
A bit of sensible legislation and common sense, and particularly legislation on incentives/protections for landlords and tenants would go a long way, rather than constant punitive financial sanctions against landlords. Such financial penalties don't help tenants and in fact will discourage the majority of responsible landlords and you'll get the large scale sharks who cut corners instead.

[d000hg]

The whole BTL industry is a financial cancer eating away at the economy. The sooner it is replaced by professional, regulated landlords the better.

All rentals run by the state!

[DimPrawn]

All rentals run by the state!

Owned by the state!

Vote Korbyn Komrade!

[unemployed]

It seems to me as a BTLler that it's in everyone's interest for there to be a stable rental market.
For the time being home ownership is not realistic for many and so there should be rights and protections for both landlord and tenant. While there are many landlords who want to make a quick buck, and many tenants from hell, the vast majority are neither. Many landlords I know charge less than the going rate in exchange for stability and good character in a tenant, and most want the value of their property to be preserved and so are prompt with fixes and updates.
A bit of sensible legislation and common sense, and particularly legislation on incentives/protections for landlords and tenants would go a long way, rather than constant punitive financial sanctions against landlords. Such financial penalties don't help tenants and in fact will discourage the majority of responsible landlords and you'll get the large scale sharks who cut corners instead.

If we had parity between FTB and landlords we would not need landlords in the first place , right to buy houses are in the hands of landlords now. Not what they were intended for !
We Need to go back to the old fashioned system social housing no right to buy either , NO BTL mortgages at all. feck people`s pensions it`s forced entitlement .

No one rents as a choice unless they on a company let or something. Houses have been nicked by greedy pension seekers that could bid up over FTB`s whilst being able to claim all sorts on top.

everyone hates landlords and this sentiment is only going to increase, young people should move back home if they can and tell landlords to shove it.

[DimPrawn]

If we had parity between FTB and landlords we would not need landlords in the first place , right to buy houses are in the hands of landlords now. Not what they were intended for !
We Need to go back to the old fashioned system social housing no right to buy either , NO BTL mortgages at all. feck people`s pensions it`s forced entitlement .

No one rents as a choice unless they on a company let or something. Houses have been nicked by greedy pension seekers that could bid up over FTB`s whilst being able to claim all sorts on top.

everyone hates landlords and this sentiment is only going to increase, young people should move back home if they can and tell landlords to shove it.

Most renters rent because they cannot save for a big enough deposit and the banks won't lend enough, because prices are so high (£300K average price for a house in England and Wales).

If the BTL were all forced to sell enmasse, house prices would likely halve. Assuming the lenders didn't go bust in this scenario, renters would buy.

No one wants to rent. I've done it twice in my lifetime, it sucks. Landlords are vermin.

Young people need to put down their iPhones and make some big noises about this. But they won't because they are all spineless twitter freaks.

[OwlHoot]

Young people need to put down their iPhones and make some big noises about this. But they won't because they are all spineless twitter freaks.

Year by year the younger people in this predicament get older, and their optimism fades.

Soon there will be a massive hoo-ha about it, as sure as night follows day.

That's one reason Komrade Korbyn could well win the next election. Anyone convinced that he can't is simply projecting their rational, smug world view on everyone else, including an increasing number of aggrieved young(ish) people.

[unemployed]

house prices would likely halve.

so back to 2007 prices then just before the blip.

i know of places that have doubled or more since 2013 and selling

happy to be a debt slave but not for some 600k crappy 3 bed semi

[vetran]

Most renters rent because they cannot save for a big enough deposit and the banks won't lend enough, because prices are so high (£300K average price for a house in England and Wales).

If the BTL were all forced to sell enmasse, house prices would likely halve. Assuming the lenders didn't go bust in this scenario, renters would buy.

No one wants to rent. I've done it twice in my lifetime, it sucks. Landlords are vermin.

Young people need to put down their iPhones and make some big noises about this. But they won't because they are all spineless twitter freaks.

You know that each BTL is supplying a home to their tenant and the new houses are being sold to overseas investors?

What would happen is that large property organisations would hoover up the spare stock left after the foreign investors have finished and make the rents bigger than NLYUK's strapon.

Add to that a large percentage of those renting couldn't get credit for a mortgage.

answer as always is build more houses & have fewer people want them.

[sasguru]

Why don't all you scummy renters and socialists eat cake?

[BrilloPad]

Why don't all you scummy renters and socialists eat cake?

Why don't you eat cyanide you