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Chris P

Director

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About Me

Agency Director / Landlord

my expertise in the industry

25 years landlord 23 years agent

Chris's Recent Activity

Not much balance in this article, as other 'Experts' predict rates will go down once inflation starts to come down.

From: Chris P 28 April 2023 09:56 AM

Section 24 is unfair and a disaster for tenants. I don't think the government will scrap section 24 sadly as they don't want to be seen as favouring 'Greedy Landlords'. They should maybe consider higher tax reliefs for landlords who provide some sort of new assured tenancy. This way it will be seen that both sides benefiting.

From: Chris P 19 January 2023 09:44 AM

How about a petition to scrap section 24 before all PRS landlords sell up

From: Chris P 01 December 2022 09:31 AM

Fair Argument Jo. I not saying the CGT isn't too high I'm and as a landlord and this is why I have held for a similar time to you. But there is no escaping that rental stock is at at all time which is due to government policy towards landlords and the rental sector and a drop in CGT without changes to bring landlords back into the market. I also can't see a drop in SDLT anytime soon especially for second homeowners / BTL Also pretty sure your estate wouldn't have to pay CGT and IHT if you did get in the way of a bus.( Heaven forbid)

From: Chris P 24 May 2022 11:06 AM

What about the other unintended consequence? In London Landlords' are selling up in droves due to unfair taxation of rents, HMO and the threat of other regulations such as EPC minimum C. I am an agent and in my area of NW London I would say around 70% of what is on the market is ex-rental stock, this is causing a shortage in supply and rental prices are going up massively. We are getting multiple offer / over asking in some cases. A drop in CGC to encourage more landlords to sell will only cause further rental stock shortages and higher rents. Ultimately meaning it will take longer for a FTB to save for a deposit.

From: Chris P 24 May 2022 10:08 AM

Many landlords will sell their rental properties as a result of higher tax and regulation. Market forces will prevail as a reduction in supply and same demand will cause prices to rise.

From: Chris P 14 February 2019 09:57 AM

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