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Smell the Fear

Btl And Political Risk

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Observer

Chris Shipman, who owns an estate agency, has been putting his cash into property via private sector leasing (PSL) for more than two years. He and his firm, Orchard and Shipman, set up their first PSL scheme in Hillingdon, Middlesex, after signing a contract with the local council to manage and maintain 900 flats let to DSS tenants. The project proved so successful that Shipman's company has started running a second scheme in Edinburgh. There, just as in the Hillingdon model, it finds properties for landlords and then maintains and manages them.

In return, owners get a three- to five-year contract and annual yields of about 5 to 6 per cent. In Edinburgh, O&S, which is running the scheme for tenants of the city council, aims to have a portfolio of 1,500 four- or five-bedroom houses and flats in the next year.

So, here it is. The link up between BTL and government has started in earnest (of course it happened before, but here it is organised on a large scale, and looks set to spread).

What comes next, once the BTLs are lured in? Rent controls? :(:huh:B)

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Observer

So, here it is. The link up between BTL and government has started in earnest (of course it happened before, but here it is organised on a large scale, and looks set to spread).

What comes next, once the BTLs are lured in? Rent controls? :(:huh:B)

the last tory govt destroyed the rent controls favored by the labour govt before that.

Of COURSE Gordy & Co want the 'old days' back.

The 'taming' of 'BTL entrepreneurs' has only just started. Which is why I may never re-enter the market. Depends how it goes.

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Observer

So, here it is. The link up between BTL and government has started in earnest (of course it happened before, but here it is organised on a large scale, and looks set to spread).

What comes next, once the BTLs are lured in? Rent controls? :(:huh:B)

I suspect increased sales tax(or no increase in CGT threshold over a few years) will be just as good.

..plenty of competition from landlords who are faced with increasing bills if they sell up.nice little quandry for the LL's but not so obvious as the government look like they are pulling the levers.

...this would explain HIPS rather nicely!!!

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This was an interesting article.

It looked like a sort of private investor PFI. Mug BTLers buy the property, are bound into a 3 - 5 year contract. OK so the rents are guaranteed by the local council. But, when prices start to fall these investors will not be able to get out.

It could be very painful for them.

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the last tory govt destroyed the rent controls favored by the labour govt before that.

Of COURSE Gordy & Co want the 'old days' back.

The 'taming' of 'BTL entrepreneurs' has only just started. Which is why I may never re-enter the market. Depends how it goes.

Where will you invest next? Foreign property?

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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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