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John Socha

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my expertise in the industry

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George Osborne has no experience of real life. He was being swayed by someone who has a real hatred of landlords. Removing tax relief on loans, makes being a landlord more expensive and unique in business. All other businesses are allowed tax relief on borrowings. He claimed to be "leveling the field" between landlords and members of the public. So a politician, with no real life experience, is swayed by an adviser with a grudge. Does it all make sense now?

From: John Socha 25 April 2019 13:21 PM

Just remember, all dumb laws are tested on the Scots first. Recall the super policy success known as the Poll Tax?

From: John Socha 06 February 2019 17:55 PM

Only problem is that all Buy-to-Let mortgages specifically prevent landlords from offering longer tenancies than one year. If the minister is going to enact this change, he needs to talk to the lenders first.

From: John Socha 02 July 2018 11:05 AM

Just to correct you: 71% of the 2.1 million landlords only own 1 property. A further 14% own two properties. The smallest group are those who own more than 5 or more. These are ONS statistics. Your point is well made. The vast majority of landlords own the property outright. So removal of mortgage interest relief will make no difference.

From: John Socha 25 June 2018 09:48 AM

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