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Peter Plucker

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small investor

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Peter's Recent Activity

The rents have fallen because many landlords bought BTL properties before the new 3% Stamp Duty tax started in April 2016 causing a glut of available properties. Simple, and a one-off event. It would be surprising if this was repeated or continued as BTL purchases have plummeted since April 2016 limiting supply which in time will heat up the market. Plus the new taxes kick in next month pressuring landlords to increase rents from this point on.

From: Peter Plucker 16 March 2017 21:25 PM

How do the costs and risks compare….? Tenant: – a fixed fee for an agreed period with no charges other than for utilities, contents insurance, council tax and agency fees. Landlord/property owner: – variable costs that can increase without warning due to: interest rate increases and repair costs, changes in taxation, ongoing costs including mortgage payments, building insurance, letting costs, refurbishment, inventory and utility checking costs; "void" periods with no income and increased costs (e.g. council taxes). Doesn’t look like a level playing field to me. Reading this list it is easy to see why many people prefer to be tenants, not property owners. So why does the Government believe everyone wants to be a property owner if they had the chance?

From: Peter Plucker 15 December 2016 21:00 PM

The UK Government peddles the lie that if Landlords are forced to sell up then the housing will be taken over by families and first-time buyers. However, lending restrictions, low salaries and the "gig economy" of minimum wages and zero hours contracts mean that property prices would have to drop a huge amount for them to afford to save deposits and buy properties. So it is more likely that property companies will scoop them up. You know - the ones who have more than 12 properties so are exempt from the new taxes and restrictions that George Osborne introduced (his mates?).

From: Peter Plucker 15 December 2016 20:21 PM

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