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Mancunian284

Figures show buy to let taking a tumble

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In response to the recent tax and regulatory changes, property education company Progressive Property this week launched a petition urging Government to reintroduce full mortgage interest relief and drop the three per cent stamp duty surcharge introduced two years ago.  

The petition has gained 7,500 signatures in 48 hours, 2,500 away from the point by which the Government is obligated to respond.

http://www.propertyindustryeye.com/petition-launches-urging-government-to-reverse-tax-clampdowns-on-buy-to-let-sector/

https://petition.parliament.uk/petitions/219279

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The petition is launched by Mark Homer, one half of property investor training organisation Progressive Property, whose website welcomes visitors to its “lucrative” world.

Reintroduce full mortgage interest relief and drop the 3% stamp duty surcharge
 

We call on the Government to reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge which is increasing homelessness by driving many landlords out of the sector, meaning tenants have less choice and higher rents.

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There will still be a continuing growth in demand for housing and a significant part of this will have to be available through private landlords. It is time to review the tax changes on buy-to-let landlords. It’s clear that the availability of rental property has decreased and rents have risen markedly. We call for policy change to end these disastrous tax policies which cause such profound suffering.

8,890 signatures

Some people on BTL forums commented on how some other property people were very quiet about Clause 24 in the weeks and months after Summer Budget 2015.   Not bringing any attention to it.  Although this man did, gradually, have more to say about it.   

2017.  'Profound Suffering'.   BTL landlords as really caring about their tenants, and nothing to do with it all about their own financial positions in BTL.   Portfolio Portfolio Portfolio of houses for them, renting for others people.

 

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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