Inside Property Website

Top Ten Challenges Facing London Landlords

October 27, 2018

These are my top ten challenges for London landlords as we move into Autumn 2018:
1. Your Tax Strategy:  Do you have one?  We are now in year 2 of the section 24 tax changes which restrict the tax relief on mortgage interest payments even though they are a reasonable cost of running our businesses.   Worryingly, only 49% of landlords fully understand the changes according to NLA research.  There is a slow trickle of landlords that are changing their structure – around 15% – and nearly 4 in 10 of us say we will [...]

Jeremy Corbyn & Your Property Business

October 10, 2015

Many in the landlord community viewed Ed Milliband’s proposals for the private rented sector with derision and after a short post election honeymoon period we have been digesting surprise tax changes from George Osborne’s Summer budget.  Next the election of Jeremy Corbyn as Labour Party leader, described by party heavyweight Lord Faulkner as “a political earthquake.”  In the run up to the May 2015 election National Landlords Association colleagues and I jousted through a string of media interviews rebutting proposals for increased regulation.  I remember on more than one occasion Corbyn would make [...]

Labour Party Housing Policy Is Flawed

May 2, 2014

Labour leader Ed Milliband announced a change in Labour Party policy today in a London borough where I rent two properties, Redbridge.  The proposals turn previous policy musings into concrete manifesto ideas, most notably the idea for a national register of landlords in England.  I was sad to hear Ed speak in favour of local authority licensing schemes, now championed by many Labour authorities, his reference to them as registers shows he fails to understand the complexities of this area of policy.
After extolling the virtues of five year tenancy agreements in their PRS [...]

Housing Issues Debate With Diane Abbott

January 10, 2014

Channel 4 News invited Diane Abbott MP and myself to debate housing issues this week.  The discussion included welfare reform and rent controls. You can see the interview by clicking on this blog, then using the link below.  A Youtube version for iphone/ipad is also available under the press section above.
Channel 4 News 9 January 2014

Rent Controls Are Not The Answer

April 16, 2013

There has been a worrying increase in calls for rent controls recently. The Labour Party Private Housing Policy Review in December 2012 calls for annual indexation of rent increases once the initial rent has been set. More worryingly, MPs such as Jeremy Corbyn and this week David Lammy seem to be calling for a return to something akin to 1970s housing policy. Lammy’s comments were in response to the introduction of Universal Credit in four London boroughs on 15 April 2013 where the total welfare cap of £500 per week for families or [...]