yadayada Posted February 18, 2016 Share Posted February 18, 2016 Unless they're already bust. Quote Link to comment Share on other sites More sharing options...
little fish Posted February 19, 2016 Share Posted February 19, 2016 Unless they're already bust. Likely. I'm sure I saw at least one of these advertised for rent just recently. Can't find it now. Neither property is registered on the landlord registration site. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 20, 2016 Share Posted February 20, 2016 Landlords urged to take action now as new tax costs loomhttp://www.belfasttelegraph.co.uk/business/news/landlords-urged-to-take-action-now-as-new-tax-costs-loom-34459338.html Buy-to-let landlords will be hit with new costs from this April when a controversial extra 3% stamp duty charge will be introduced. And from April next year, landlords face being taxed on rental income before mortgage interest payments are deducted and before they can gain a tax credit for the interest. And accountancy firm RSM said that the prospect of the changes was already dampening the buy-to-let sector. RSM said there was evidence that confidence was already lagging in the buy-to-let sector as the changes loom.RSM said figures from the Northern Ireland Housing Executive also pointed to a fall in the sector. There were 11,500 rental agreements in the private rented sector in Northern Ireland during the first half of last year, which was down 5% on the first half of 2014, RSM said. Quote Link to comment Share on other sites More sharing options...
Shotoflight Posted February 20, 2016 Share Posted February 20, 2016 Pensions still the most effective savings option, says IFShttp://www.bbc.co.uk/news/business-35579145 Pensions will remain the most tax-efficient form of savings, despite forthcoming tax changes, the Institute for Fiscal Studies (IFS) has said. The IFS compared saving in a pension with buying a house, putting funds into an Individual Savings Account (Isa), or investing in buy-to-let property. Quote Link to comment Share on other sites More sharing options...
little fish Posted April 11, 2016 Share Posted April 11, 2016 http://www.irishnews.com/news/politicalnews/2016/04/11/news/third-of-mlas-with-rental-properties-not-registered-as-landlords-481122/ "MORE than a third of MLAs who rent out residential properties were not registered as landlords when checked by the Irish News." Figures only from those who registered property rental as an interest. How likely is it that the EHO will take any action against them? Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted April 12, 2016 Share Posted April 12, 2016 http://www.irishnews.com/news/politicalnews/2016/04/11/news/third-of-mlas-with-rental-properties-not-registered-as-landlords-481122/ "MORE than a third of MLAs who rent out residential properties were not registered as landlords when checked by the Irish News." Figures only from those who registered property rental as an interest. How likely is it that the EHO will take any action against them? An interesting response from Declan Boyle. http://www.irishnews.com/news/2016/04/12/news/sdlp-s-declan-boyle-says-details-of-belfast-properties-none-of-your-business--483067/ I've got a vote in the May elections in the South Belfast constituency. I'll be interested to hear Colum Eastwoods views on this. Asked how many properties he owns, he said: "It's none of your business." "It is my personal business, it's as simple as that. You will find that in any meetings if there is a conflict of interest I will declare that," he said. Quote Link to comment Share on other sites More sharing options...
little fish Posted April 12, 2016 Share Posted April 12, 2016 Disgraceful. Lack of LL prosecutions an obvious indicator that LL legislation is nothing but lip service. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted April 12, 2016 Share Posted April 12, 2016 He had disclosed that he owned various properties in Belfast. I don't see the problem. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted April 12, 2016 Share Posted April 12, 2016 He had disclosed that he owned various properties in Belfast. I don't see the problem. Transparency in public office. Local officials have proved time and again that they don't have the capacity to properly disclose conflicts of interest. The register keeps then honest. Don't want to comply with the registry requirements, don't join public office. Simple really. Quote Link to comment Share on other sites More sharing options...
little fish Posted April 12, 2016 Share Posted April 12, 2016 Surely this (in bold) is not acceptable? http://www.irishnews.com/news/2016/04/11/news/hundreds-of-councillors-fail-to-declare-property-and-business-interests-481119/?platform=hootsuite Mr Boyle is a landlord managing rental properties in the Holylands student area, as well as several more in other parts of south Belfast. More than 30 rental properties in the Holylands currently have 'to let' signs with contact details including the website rentourproperty.com, which is registered to Mr Boyle. It is estimated that the properties generate more than a quarter of a million pounds in rental income every year. At least seven are not registered with the Landlord Registration Scheme, while one is not registered with the Housing Executive as a House of Multiple Occupancy. When asked how many properties he owns and why he hasn't fully declared them, Mr Boyle said last Friday: "Can I come back to you on this? I'm in a meeting." Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted April 12, 2016 Share Posted April 12, 2016 Surely this (in bold) is not acceptable? http://www.irishnews.com/news/2016/04/11/news/hundreds-of-councillors-fail-to-declare-property-and-business-interests-481119/?platform=hootsuite Mr Boyle is a landlord managing rental properties in the Holylands student area, as well as several more in other parts of south Belfast. More than 30 rental properties in the Holylands currently have 'to let' signs with contact details including the website rentourproperty.com, which is registered to Mr Boyle. It is estimated that the properties generate more than a quarter of a million pounds in rental income every year. At least seven are not registered with the Landlord Registration Scheme, while one is not registered with the Housing Executive as a House of Multiple Occupancy. When asked how many properties he owns and why he hasn't fully declared them, Mr Boyle said last Friday: "Can I come back to you on this? I'm in a meeting." Looks like he isn't attached to any LLC apart form a Belfast Council one. I wonder if the properties in question are personally owned? Could be interesting for Mr Boyle if they are mortgaged come 2020. Quote Link to comment Share on other sites More sharing options...
darkmarket Posted April 12, 2016 Share Posted April 12, 2016 Here he is in 2010 giving evidence to a Stormont committee on PRS regulation, in his capacity as a member of the Landlords Association of Northern Ireland: http://archive.niassembly.gov.uk/record/committees2010/SocialDevelopment/101118HousingAmendmentBillLandlords.pdf Here chairing a recent meeting of Belfast City Council's Strategic Policy & Resources Committee: https://minutes3.belfastcity.gov.uk/mgConvert2PDF.aspx?ID=53449 - Phase 2 of the £500,000 upgrade of Drumglass Park which upgraded the lighting and the wall and the installation of new art. This project has been complemented by a refurbishment of the playground within the Park - Phase 1a of the Belfast Bike Share Scheme which comprises 3 new stations, 48 extra docking points and 30 additional bikes at Queens University and Titanic Belfast - playground refurbishments at Drumglass and Roddens Crescent That took two minutes to find. EDITED BY A MODERATOR. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted April 12, 2016 Share Posted April 12, 2016 http://www.courtsni.gov.uk/en-gb/judicial%20decisions/publishedbyyear/documents/2005/2005%20niqb%2022/j_j_girc5216.htm Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted June 15, 2016 Share Posted June 15, 2016 Taken from the main board. http://www.housepricecrash.co.uk/forum/index.php?/topic/210149-landlord-mortgages-plummet/ Hopefully the targeting of BTL is having similar a effect here in N.I. I'd like to see a steady increase in transactions in the run up to the 2020 limiting of relief to basic rate, particularly those where the people farmer stock is transferred to owner occupiers. Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted June 15, 2016 Share Posted June 15, 2016 Taken from the main board. http://www.housepricecrash.co.uk/forum/index.php?/topic/210149-landlord-mortgages-plummet/ Hopefully the targeting of BTL is having similar a effect here in N.I. I'd like to see a steady increase in transactions in the run up to the 2020 limiting of relief to basic rate, particularly those where the people farmer stock is transferred to owner occupiers. I think in England they seen a glut of BTL purchases prior to the April Stamp duty changes therefore few afterwards. Didnt notice anything like that in NI, certainly not in the new build market. Very few if any BTL purchasers. Double edge sword. Fewer new BTL = Fewer private lets available added to an exit of some BTL. Therefore overall drop in the private rent stock = upward pressure on rent prices. The plus side is more properties available for owner occupiers to purchase. So good and bad ahead. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted June 15, 2016 Share Posted June 15, 2016 (edited) I think in England they seen a glut of BTL purchases prior to the April Stamp duty changes therefore few afterwards. Didnt notice anything like that in NI, certainly not in the new build market. Very few if any BTL purchasers. Double edge sword. Fewer new BTL = Fewer private lets available added to an exit of some BTL. Therefore overall drop in the private rent stock = upward pressure on rent prices. The plus side is more properties available for owner occupiers to purchase. So good and bad ahead. I have a feeling that if the BTLERS could charge more they already would. They aren't doing it for charity. As always, they'll only be able to charge what the market can afford. And with something like 70% of private rents being housing benefit... Well good luck. Edited June 15, 2016 by 2buyornot2buy Quote Link to comment Share on other sites More sharing options...
yadayada Posted June 15, 2016 Share Posted June 15, 2016 I have a feeling that if the BTLERS could charge more they already would. They aren't doing it for charity. According to another thread, they are. Their own. Quote Link to comment Share on other sites More sharing options...
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