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Barry Fitzpatrick
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Recent Activity
Pity Rees-Mogg's loyalty to the Government doesn't extend to his ~3,000 Landlords in his constituency
From:
Barry Fitzpatrick
30 November 2020 13:30 PM
This will only get worse as the Government increases the tax burden on Landlords aka Tenant Tax aka Clause24. As the Government has capped Housing Benefit as well is it any wonder Landlords are shunning such tenants. Don't blame Landlords and agents look at the real culprits - George Osborne and the Tory government.
From:
Barry Fitzpatrick
26 February 2016 08:36 AM
“Further, it’s been a waiting game all year to see if Mark Carney will raise interest rates in the New Year – this will play a big part in determining whether renters looking to buy a home will be able to afford to. And when interest rates do rise, the goal of homeownership will be pushed further out of reach for many and of course put further pressure on the private rental sector.” Have they not heard of MMR? Affordability is not governed by interest rates but on the MMR critieria that the Lender uses to assess (and stress test) a home onwers ability to pay the mortgage.
From:
Barry Fitzpatrick
24 November 2015 09:04 AM
“Looking ahead to next year, we’d hope to see the number of tenants experiencing rent hikes remain low .......................... the changes to landlord tax proposed under the Finance Bill is likely to discourage new landlords from entering the market. " And they don't think Landlords will start to raise rents in anticpatation of this tax change?
From:
Barry Fitzpatrick
24 November 2015 08:59 AM
".... any powers granted do not jeopardise the buy-to-let market." ...Horse..... door.... bolted.... seems to come to mind after Clause 24 will kill stone dead the BTL market.
From:
Barry Fitzpatrick
26 October 2015 08:51 AM
........ and the Government tax changes on Landlords announced in the Summer Budget will over the next 6 years will push up rents. This will make it even harder for renters to save for a Deposit. Vote against this measure here https://petition.parliament.uk/petitions/104880
From:
Barry Fitzpatrick
17 September 2015 07:39 AM
The combination of higher interest rates, and the restriction of mortgage interest relief will make many Landlords businesses unviable and for some make them bankrupt.
From:
Barry Fitzpatrick
03 September 2015 09:55 AM
Not to mention the increase in effective tax rate on rental profits which for many will be 70%+ and for some 100%+ that was announced by George Osborne in the Summer Budget. (if you haven't already then sign the petition here: https://petition.parliament.uk/petitions/104880 And also the requirement that houses for rent must meet minimum EPC levels by 2018.
From:
Barry Fitzpatrick
03 September 2015 09:46 AM
This is an idiotic measure that will hurt more tenants than landlords, and lose the Treasury revenue in the long term as affected landlords convert to Ltd companies (albeit giving a 1 off SDLT &CGT boost) reducing the tax from 40/45% to 20% (going to 18%) corporation tax.
From:
Barry Fitzpatrick
02 September 2015 09:40 AM
Many thousands of Landlords do not realise the impact on them because of the clever/confusing wording that this prposal has been couched. The reality is very very different, what the proposal doesn't say is that many thousands of Landlords will, for tax, purposes be deemed higher rate taxpayers because mortgage nteret will be disallowed as a business expense. For more details go to www.saynotogeorge.co.uk or www.property118.com/budget-2015-landlords-reactions/76164/comment-page-302/#comments
From:
Barry Fitzpatrick
19 August 2015 07:53 AM
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Barry's Recent Activity
From: Barry Fitzpatrick
30 November 2020 13:30 PM
From: Barry Fitzpatrick
26 February 2016 08:36 AM
From: Barry Fitzpatrick
24 November 2015 09:04 AM
From: Barry Fitzpatrick
24 November 2015 08:59 AM
From: Barry Fitzpatrick
26 October 2015 08:51 AM
From: Barry Fitzpatrick
17 September 2015 07:39 AM
From: Barry Fitzpatrick
03 September 2015 09:55 AM
From: Barry Fitzpatrick
03 September 2015 09:46 AM
From: Barry Fitzpatrick
02 September 2015 09:40 AM
From: Barry Fitzpatrick
19 August 2015 07:53 AM