x

Gavin Swinburne

524 Profile Views

About Me

my expertise in the industry

Gavin's Recent Activity

Both Japan and the EU have entered a balance of payments deficit this year. These governments are looking to see if the UK action, while no doubt high risk, is viable because what we see now in the gilts market is a dress rehearsal for the EUR and JPY play.

From: Gavin Swinburne 28 September 2022 13:46 PM

If you view the situation from the perspective of the government, there is no incentive to help the landlord or use the the small amount of discretionary time in the parliamentary timetable to help landlords. The govt are facing an unknown economic impact from COVID that will only be assessable once furlough is lifted and the we have some visability as to how they will be able to function with the long term unsustainable debt loads they have incurred. In this context, profitability and even viability of BTL landlord businesses are tomorrow's issues - as long as the lending banks have sufficient equity buffer in homes securing the loans - which they have. So keeping people in houses - whether or not they pay rent - is the logical priority. If this has a knock on effect of forcing small landlords out of the market, so much the better as it is much better from an accountability, financial planning and social policy perspective to have the PRS in a small number of hands. This would also accord with the operating environment in other countries e.g. Switzerland, where personal BTL is virtually impossible as it is view as more than a purely 'business' activity. So rightly or wrongly, in the absence of a crisis, not only would I expect the government to ignore the suggestions of the NRLA, the clear direction of travel is to impose more economic hardship on the PRS (eg Jan 2021 recommendations currently under consideration to increase PRS EPC min rating to C) until the pips squeak. Only then will it be addressed as it then becomes a current problem and not tomorrow's issue.

From: Gavin Swinburne 17 June 2021 09:45 AM

Breaking News