{"id":37677,"date":"2016-12-10T13:59:07","date_gmt":"2016-12-10T06:59:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-we-landlords-are-being-vilified\/"},"modified":"2016-12-10T14:01:10","modified_gmt":"2016-12-10T07:01:10","slug":"buy-to-let-we-landlords-are-being-vilified","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-we-landlords-are-being-vilified\/","title":{"rendered":"Buy to let: \u2018We landlords are being vilified\u2019"},"content":{"rendered":"


\nWith a lending crackdown and a massive tax hike due, many landlords could soon find themselves moving from profit to lossRob Hill is angry that his tax bill will go up \u00a33,000 from April. Chris Cooper is furious that his personal tax bill will nearly double. Other landlords say that their effective tax bill will rise to 100%. As the buy-to-let market reels from last April\u2019s stamp duty hike, and awaits the tightening of lending criteria starting in January and the steep increase in tax being phased in from next April, is the party over for Britain\u2019s two million landlords?Hill has three rental properties in south-west London, but says landlords are \u201cgetting a bashing\u201d from the government\u2019s changes to the tax regime, accusing it of ruining the retirement plans of thousands of people. An estate agent himself, he has let out a flat and two houses in Clapham for the past 10 years, which earn him an annual rental income of \u00a340,813 after service charges and letting fees. The mortgages cost him \u00a313,770, leaving him with a profit of \u00a327,042. Currently he is liable for 40% tax on this, so the bill is \u00a310,816. Continue reading…
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\nSource : theguardian.com
\nRead more…Buy to let: \u2018We landlords are being vilified\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With a lending crackdown and a massive tax hike due, many landlords could soon find...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37677","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9NH","jetpack-related-posts":[{"id":7460,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-mortgage-lending-rockets-ahead-of-stamp-duty-rise\/","url_meta":{"origin":37677,"position":0},"title":"Buy-to-let mortgage lending rockets ahead of stamp duty rise","date":"March 10, 2016","format":false,"excerpt":"\r Council of Mortgage Lenders reports 22% rise in number of loans taken out by landlords in January as 1 April hike loomsThe number of buy-to-let mortgages rocketed by 22% in January compared with the same month in 2015, as landlords rushed to beat forthcoming tax changes.Around 9,500 loans were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-uk-property-sales-fall-by-almost-50-in-a-year\/","url_meta":{"origin":37677,"position":1},"title":"Buy-to-let UK property sales fall by almost 50% in a year","date":"June 23, 2017","format":false,"excerpt":"\r Council of Mortgage Lenders downgrades forecasts saying landlords are withdrawing from market in response to tax changes and tighter lending rulesThe number of properties bought by landlords has almost halved in a year following a tax and regulatory clampdown, prompting a leading banking body to downgrade its forecasts for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-tightens-lending-criteria-for-buy-to-let-landlords\/","url_meta":{"origin":37677,"position":2},"title":"Nationwide tightens lending criteria for buy-to-let landlords","date":"April 29, 2016","format":false,"excerpt":"\r Building society\u2019s changes come as the Bank of England attempts to rein in buy-to-let lendingNationwide building society is tightening up its criteria for lending to buy-to-let landlords ahead of changes to how much tax relief they will be allowed to claim against their repayments.Landlords who take new loans from\u2026","rel":"","context":"In "Property 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tax changes likely to make it more expensive for many international investors to rent out homes in England and Wales.Under\u2026","rel":"","context":"In "Property 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