Gov allowing tenants to buy PRS housing

[AndrewDod]

For any other sort of pension saving you would be told to diversify your investments. It seems that people relying on BtL as a savings vehicle violate this by only investing in the single, market. Diversity isn't just having properties in several parts of the country it is spreading investments across different sorts of venture that won't be affected by the same legislation changes.

A reasonable point -- but diversity is supposed to hedge against vagaries of markets (which might result to some extent from legislation) - not outright theft or appropriation by a jackbooted thug.

[AndrewDod]

The councils didn't want to do this; it was Maggie and her right wing Conservative government that forced them to do so.

As such, doing the same to private landlords would just be balancing things.

Eh...? How does
a) Stealing from landlords
"balance"
b) The original theft from the taxpayer.

Apart from the fact that a small number of those landlords might have been beneficiaries of the original theft (for certain types of properties in certain areas only). In most cases the same people are being stolen from twice - hardly balancing anything (expect the books of a a soon-to-be-bankrupt country)

Makes no sense whatever

[leaseholder64]

Did you really mean that?

No. Corrected.

[MdeB]

estate agents are regulated to give investment advice.

Did you really mean that?

[leaseholder64]

I personally think this is a way to get council's off the hook, as they don't have enough properties themselves (especially since they sold them all off cheaply to their tenants who subsequently then sold them off making profits),

The councils didn't want to do this; it was Maggie and her right wing Conservative government that forced them to do so.

As such, doing the same to private landlords would just be balancing things.

Not that that means that I would approve of forcing sale below market price, but then isn't covered by the human rights courts, which are in Europe....

[leaseholder64]

This is a proper onslaught isn't it!

Feeling a bit cornered where a labour government could effectively steal my pension! In the article by the independent they were talking about forced sale below market value.

With the removal of s21 I was waiting until my tenant leaves before selling, but maybe this needs to be accelerated! 😐

For any other sort of pension saving you would be told to diversify your investments. It seems that people relying on BtL as a savings vehicle violate this by only investing in the single, market. Diversity isn't just having properties in several parts of the country it is spreading investments across different sorts of venture that won't be affected by the same legislation changes.

Unlike sellers of other investments, estate agents aren't regulated to give investment advice.

[Hudson01]

If all this Brexit madness brings along a Labour govt then we as landlords truly are stuffed, i read an article on this and watched McDonnell i think it was who see's nothing whatsoever wrong with taking someone else's asset and giving it (well at a discount) to the poor and down trodden, i can see a real sell off of rentals if they do come into power which will make the recent tax changes etc look like child's play. I will be keeping my options open on this but for me there is no god damm way that some lefty toe rag is going to dictate if and whom i sell my properties too.

[JK0]

Just get a precautionary possession order if you are concerned guys. Then you can evict tenant any time in the next six years.

[flexy]

Ahhh... but it's too late then anyway. All one needs to know is the grounding philosophy of these buffoons (which derives from that of Mao, Stalin, Hitler et al., who are their heroes in spirit) and it is pretty predictable how they will behave -- wrecking the economy, thieving, destroying all business, taking assets away from the productive in society i.e. the middle class and working class and generally doing what they do.

Exactly.. Will soon be time to have a word with my tenant I think.

[AndrewDod]

Wait until something happens before shouting about speculation.

Ahhh... but it's too late then anyway. All one needs to know is the grounding philosophy of these buffoons (which derives from that of Mao, Stalin, Hitler et al., who are their heroes in spirit) and it is pretty predictable how they will behave -- wrecking the economy, thieving, destroying all business, taking assets away from the productive in society i.e. the middle class and working class and generally doing what they do.

[Berlingogirl]

Speculation = rumours, chinese whispers, fake news?

We are seeing a lot of it at the moment, would you believe anything said today by any politician or political commentator? It will probably be different tomorrow.

I personally, (from the work I used to do) know that the BBC put out a false news story yesterday, I'm guessing as a political distraction.
And I'm not talking about the 2-headed snake or the 73 year old woman giving birth to twins. (Yes, both on the BBC yesterday).

Wait until something happens before shouting about speculation.

I don't believe anything at the moment, but I want to have a plan B. 2 headed animals are born from time to time. It might well be that a 73 year old woman gave birth to twins (in India, by IVF). Her husband apparently had a heart attack on the day they were born. The world's going bonkers.

[Berlingogirl]

This is a proper onslaught isn't it!

Feeling a bit cornered where a labour government could effectively steal my pension! In the article by the independent they were talking about forced sale below market value.

With the removal of s21 I was waiting until my tenant leaves before selling, but maybe this needs to be accelerated! 😐

I'm going to put my rents up as much as possible, and thinking about S21 to all working tenants who might be able to buy, selling better quality properties, buying lower quality ones (with yards not gardens) and letting to unemployed who can't buy. Just waiting to see if labour get in. Forget being a good landlord with slightly below going rents and doing more than required repairs and upkeep. I'm going to have to get as much £££ as I can before being forced out of business.

[flexy]

All a gamble I suppose.. by the time you know it's in for sure, then it's too late!

[nukecad]

Speculation = rumours, chinese whispers, fake news?

We are seeing a lot of it at the moment, would you believe anything said today by any politician or political commentator? It will probably be different tomorrow.

I personally, (from the work I used to do) know that the BBC put out a false news story yesterday, I'm guessing as a political distraction.
And I'm not talking about the 2-headed snake or the 73 year old woman giving birth to twins. (Yes, both on the BBC yesterday).

Wait until something happens before shouting about speculation.

[flexy]

This is a proper onslaught isn't it!

Feeling a bit cornered where a labour government could effectively steal my pension! In the article by the independent they were talking about forced sale below market value.

With the removal of s21 I was waiting until my tenant leaves before selling, but maybe this needs to be accelerated! 😐