Jeremy Corbyn's policies re private landlords

If that's the case there will be a lot of homeless tenants .

Corbyn: Dangerous, But No Hero

Tells you all you need to know about this man and his mates. What a nasty piece of work he is.

https://www.youtube.com/watch?v=aAp54BeTa5s

The far-left posters on here won't watch this of course.

this is just spiv propaganda

I am getting ahead of the rest

lol the usual drivel ffs , dear me its the torygraph , the sun all rolled into one

corbyn is a dangerous man, thank god he will never be the prime minister

Oh, yes, Ann Marie Morris. Tory MP who was suspended  for using the racist slur n***** in the House Of Commons.

Right wing Tory whose voting record in the House  speaks volumes, particularly in that she consistently voted against paying higher benefits over longer periods for those unable to work due to illness or disability.

And Tom Bower, who's career as a writer is solely based on unauthorised ' dishing the dirt ' biographies of ' famous' people.

He's currently writing one on Boris Johnson.

Facts, AFAIK, they are not the leaders of the Conservatives.

Corbyn will say whatever he thinks will be welcomed by tenants in order to secure their votes.

What he would implement with the responsibility of power, and the consequences of his actions on his shoulders is a different matter altogether.

We've seen before with his lies over students fees at the last election, how he's prepared to say one thing then go back on his word.

He'll be wanting all them illegals in HMOs to have the right to buy em for next to nowt.

Rough sleeping doubled over the last 10 years.  Horrible story about young disabled Tom from Weston Super Mare on All Out Politics just now.  You could see Adam Boulton was visibly moved and close to tears.

Three landlords own over one thousand properties each in Weston-super-Mare.

Most of their rent is paid (indirectly) by the taxpayer through LHA claimants. Because of tax-breaks, they put very little back into the exchequer.

Unfortunately, Corbyn is not proposing the obvious remedy for the broken housing market: rent should be taxed at source as unearned income.

Seriously what tax breaks?  I think you're talking BS with that one.  I looked into buy to let 2/3 years ago and I didn't think it was a good idea.  It may have been in the past, but that doesn't mean it is now.

When building large housing developments, developers have to make available some homes for social housing.  If there was some way of doing the same with landlords that might be an idea.

I totlally agree housing is a big issue.  Imo it's more important to spend money on housing than on the NHS, education or policing at the moment.  But you have to be realistic.  That means building them where there are jobs, and by experienced contractors.  And most importantly, a zero tolerance approach to uillegal immigaration like Australia

The case of Tom from Weston Super Mare is a disgrace.  But if he is losing out because homes are going to immigrants ahead of him that is a bigger disgrace

^^It was perfectly feasible until recently to offset all rent against loan interest thus paying no tax.  Although that is being dealt with for individuals, limited companies can still do so.

That's not a tax break.  It's a legitimate expense that is being phased out.  I agree that it should be phased out fwiw.  There is also a 3% levy on stamp duty for buy to let.    I also agree with that fwiw.  But it's an extra tax burden, so the opposite of a tax break.

If I borrow money to buy shares I don't get tax relief to offset tax due on dividends against the interest.  If I borrow money to buy a property for rent I do (although being axed).  That is a quite obvious tax break.

I'd consider it a business expense myself, but I understand your point.  Buying shares is not a business expense as you are not involved in the running of the company.  We'll disagree on that, but I do agree that in the currenbt situation it is rightfully being phased out.

^^It was perfectly feasible until recently to offset all rent against loan interest thus paying no tax.  Although that is being dealt with for individuals, limited companies can still do so.

Yes, fifteen is the magic number of properties a landlord needs to register before she can call it a limited company.

"Since April 2017, tax relief on mortgage interest has been gradually phased out. By April 2020, you won't be able to deduct any of your mortgage expenses from rental income to reduce your tax bill. Instead, you'll receive a tax-credit, based on 20% of your mortgage interest payments."

Do you prefer the word credit to break, Clydebank?

If three landlords in Weston Super Mare own 1,000 properties (have my doubts, but let's assume they do or close to it and it is common place nationwide) I'd do something like this:

Insist that some housing is rented out at reduced rents for social housing and then give them some form of exemption from Capital Gains Tax on the sale of some of those properties to compensate.

8 to 10 million extra to house what do you expect  thanks Blair and the tory spivs

none of them have built anything to scratch this figure  BOTH LOTS have sat there like stunned rabbits  Labour thinking they will get millions of extra votes and tory boys, nice cheap labour for farms and sandwich factories

All that is required in the rental market is fairness and professionalism.  Investors deserve a return on capital and remedies for bad tenants.  Tenants deserve a secure basis to live their lives in decent conditions.

they soon find space for boat people

The klondyke decades have provided landlords with more than enough, so compensation should not really be an issue.

Make landlords responsible for Council Tax too. Such a commonsense vote winner, it would be nice if it were to be in the Labour manifesto but I'm not hopeful. Opportunity going begging.

I don't believe in changing the goalposts.  If you want something done, it's better achieved by working together, rather than saying fcuk you.  Plenty of people had the option to become landlords.  A few did, and as it happens, thanks to huge house price rises in some areas, they are very much quids in.  Had the market dived, like in Japan, would they be bleating claiming a payout.  No, ofc not.

Somepeople have made a fortune buying Bitcoins.  They could've lost the lot.  Retrospective actions on historical profits are testament to state theft

"Had the market dived, like in Japan, would they be bleating claiming a payout.  No, ofc not."

That did make me chuckle, Clydebank.
From the rate-tarts bailed out in '07 from their investments in Icelandic casino-banks, to the PPI claims culture, to the current campaign in the Daily Mail for compo for Woodford Fund investors, the whole idea seems to be that some of us must be too middle-class to fail.

Anyway, you were the one advocating measures that require compo for landlords. Not required. The market is perfectly capable of correcting itself once a few basic actions are taken.

I see UB's still fuming over missing out on the renting boom.

It's no good crying over spilt milk my old chum, you missed the boat and that's that.

And don't forget it was your Labour party that made it all possible, with its mass immigration policy and no plans to build more houses to put them in.

Wtf should we cover more of this cluttered isle with houses to make room for foreigners? Huge farmland housing developments going on round here

Ah, here's a landlord, Dr Crippen.
How much rent is paid to you?
Are you set up as a limited company? How much corporation and personal tax did you pay in your best year?

There's a load of new housing and regeneration round here.  The local economy is booming (think it's got the highest employment growth in the country).  House prices are mental here at the moment mind.  Not great for youngsters

Labour are going to make illegal immigration legal so they are going to need that £400bn just to house them.  Fecking idiots

We spent £100k building an annexe in our back garden for my children   Fell out with our neighbours in the process.  Lying barstewards didn't win though.

They'll be dying on the streets this winter............

VULTURE FUNDS making it impossible for KEY WORKERS

10 YEAR RENTS GUARANTEED,ONLY ONE INCREASE ALLOWED AT SET LEVELS

SOCIAL HOUSING ON EVERY NEW BUILD ESTATE

SMASH THE MIDDLE

From experience on my own street, most renters care nothing about the outside of their houses, people who buy a new home do in the main. I see trouble looming the more they place them next door to each other.

I'd say the outide of the house is the landlord's responsibility saddo.  As long as it's not gypsies you should be ok.

It is true that owner care more for their properties than renters.
Which is why the Conservative vision of one half of the country working to pay rent to the other half sitting on their hands must be a bad thing.
Apart from anything else, it makes the landlord complacent, inactive and conceited. Look at Dr Crippen.

Thatcher's vision was to increase home ownership and that was continued by Blair.  Problem is lack of house building and a big population increase has led to a huge increase in property prices putting them out of reach of my children's generation

CLYDEBANK29 08 Nov 19 18:53 
I'd say the outide of the house is the landlord's responsibility saddo.  As long as it's not gypsies you should be ok.





An overgrown unkempt garden full of weeds is an eyesore. Do landlords add on a weekly gardening charge in the summer months?

Of course. Your children are not going to be able to outbid a landlord who can effectively avoid paying tax by buying more properties!

I wouldn't buy a property round here if I was a landlord ub.  Returns are dreadful

I'd be selling up and taking a profit personally.

True story.  Ex colleague of my wife and her partner sold their property to the council.  They had to pay a few thousand to remove the ne bathroom and replace it with a cheaper version, so it was in keeping with other social housing.  You couldn't make it up!

Indeed a property owning democracy that was Thatchers dreamworld like most of her potty ideas it ended in tears

The whole rental market is underpinnned and skewed by Housing Benefit.
So, even in the poorest area, the meanest place is going to fetch LHA, say £400 a month.
The tenant on HB has no incentive to lower the rent, so that's the minimum anyone is going to see.
True market rate may be half.

mmm no.  It didn't end in tears.  The housing situation is due to a lack of new builds, a big increase in population, an to a lesser extent more single families and more landlords.  Thatcher built many more new houses than Tonly Blair.

Yet under Thatcher the population increased by 100,000 a year.  Under Blair the population increased by  just under 350,000 a year.  The housing crisis is by far mainly down to the Blairite years.

Indeed, wee need to stop subsidising people who can't afford to come here.

It is post 1997, when Blair took charge, that house prices and rents boomed

And this calculation also shores up the value of properties at the bottom of the ladder, since they are all worth potentially £400 pm income to the landlord.
Factor in the short-lease properties that cannot be mortgaged, and the younger generation are put at a further disadvantage, even those backed by the Bank of Mum and Dad.

Whoever or whatever blair, thatcher were the same thing the housing bubble exploded culminating in the 2008 crash

New Labour deregulated the spivs would have gone further

Migrants getting the blame for a self-perpetuating process.

The country was a better place 20 years ago.

they are selling several pubs to them as well 

there's only been an increase of population between 8 million and 10 mill(that is the ones we know about)

but no matter - doesn't affect anything 

as far as racism goes I think it is the other way round

you read it here first

ok Comrade i can agree with this but tell me whats the solution , Brexit would not solve all this

No man is an island

To say there is no solution is ridiculous, the time is coming when people will demand one.

Go on then West Yorkshire enlighten us

The no brainer regarding housing is zero tolerance to illegal immigration and building more houses in the right areas.  Policies attacking landlords are a red herring that purely satisfy those that are jealous of landlords who have benefited from past government policy.

http://www.oecdbetterlifeindex.org/countries/united-kingdom/

The UK performs worse on housing than any other metric.

The Australians advertised in certain countries that if you enter the country illegally you'll be sent straight back.  Guess what?  It worked.  Australia scores 3rd highest on housing after The US and Norway.

Corbyn wants to make illegal immigration legal.  It's an absolutely mental policy.

ozz  is a huge country with a never ending thirst for migrant workers to compare it to the uk is like comparing apples and pears

It's not like the UK granted, but it had a problem with illegal immigration and it tackled it effectively.

easier of course to tackle since it's miles from anywhere.

they are all careerists

My brother was a migrant worker in Japan. Expected nowt and got nowt, pay your own healthcare and bugger off home when you retire.

Dear me this Capitalism dear

apples and pears

I sold my residential rents and moved them into commercial, ones actually payed more than the residential.

On the subject of yields...

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https://www.totallymoney.com/buy-to-let-yield-map/