UK Landlord Forum / Life

mattbeks - I'm not the one having a good old whine here. My view is that the tax is fair because it is law. People, you suppose, will have thought about it before it was introduced. QED. You seem to be well-off, with other properties bringing in income, so just pay the tax. Enjoy your residence. Other options are available, as has been outlined. Even the option of staying put until the tax regime becomes 'fair' again is an option for you. Could be a long wait... imagine if Jeremy Corbyn becomes Prime Minister, it ain't gonna get better for Landlords. Move on [now], 'cos it's time to groove on [now]...

Landlords, like myself - and you, are firmly in the sights of a population who feel hard-done-by... consequently Landlords, like myself - and you, are firmly in the sights of Government. Act now. Stop whining. Crack on. That's my advice.

Oh, and before more accusations of comparing chalk and cheese... I'm not. The consistent part is the SDLT kicker on >1 property. I paid 3%, you would pay 3%. That's because of the fact you own >1 property... whether you want to live in it is totally irrelevant. Why is it totally irrelevant? Because what the tax law says, right? Seemingly a fact you want to ignore, I wonder why. Cries of "unfair" because you're special? Say what? The reason you would pay more SDLT is because you're choosing (yes, you're choosing) to buy a property that costs more! Want to pay less tax then buy a lower priced property. Want to not pay the tax altogether? Don't buy a property. Want to carp and moan and kick-off about it? Sure. Do that, instead, then.

£13,000 in stamp duty, with the SDLT kicker, is nothing to worry so much about. You - always - get it all back in the end. It's just a merry-go-round.

I hope this is the last on the matter. Pay the tax, or don't.

You're belittling someone for having a 100k house, lording it over with your 300k house but can't even afford 10k which in the grand scheme of things is nothing.

Riptide - I don't think he's belittling someone for a £100,000 house. More like he's jealous that £100k houses exist where Hippogriff needs to buy. The way I read it, if a £100k house was available, mattbeks would buy one and pay the minimal duty. He is saying £300k is hard enough to afford as it is without the normal stamp duty of around £5k, and then the added £9k. Point being he CAN'T afford it, if he could he'd pay it and settle his family into it!

Again, none of the comments on this thread have any point. All mattbeks was doing was asking people to sign his petition - he didn't ask for a debate on the issue. If you agree sign it, if you don't, don't, but no need to rip into him for trying to be proactive around a tax he simply can't afford.

@hippogrifff  "My view is that the tax is fair because it is law" wow so I guess based on your logic that apartheid in South Africa was fair then because "it is the law" How did that work out? 

IMO the law needs to be amended to show a differentiation between BTL and Main Residence so a) those who choose to invest in property they are not intending to live in can invest knowing the fees involved and b) enable those who are struggling to buy a main residence in a more expensive part of the country and have previously bought property significantly cheaper up North a degree of  wriggle room. You might not agree on that point and that's fine but let's not have a go at someone having a go at amending what is essentially an unjust law.

Selling the existing properties would simply be cutting my nose to spite my face and wouldn't increase the size of the property I can afford. It would be a bit of a shame given I've got a really good job, wife is settled in the area and spending more time with her family and the kids are settled in school to uproot them just because the extra Stamp Duty is affecting our ability to buy a property down here. At the end of the day, you don't know my financial situation and I'm pretty sure you haven't bought property south of the Midlands.

@Riptide, I'm comparing a £100K house up North compared to a £300K in London which is a different ball game, £300K is the low end of the market as well! Wish there were £100K properties in London I would snap them up and be glad to donate the extra 3% to the Government. Problem is London is where the jobs and the extended family are.

But if my numbers come up in the lottery all this would be meaningless in the grand scheme of things because I'd buy whatever I want and even pay the extra tax to boot

Lottery!

Gee... a man with a plan (finally)... as you won't consider anything else, best of luck to you.

You've singularly failed to look after your household properly - ending up in a crappy situation like this. You simply don't deserve to be head of the family any more. Pass over the responsibility to someone else, you're not capable of running a family.

Quote from: mattbeks on October 01, 2016, 10:43:03 AMIMO the law needs to be amended to show a differentiation between BTL and Main Residence so a) those who choose to invest in property they are not intending to live in can invest knowing the fees involved and b) enable those who are struggling to buy a main residence in a more expensive part of the country and have previously bought property significantly cheaper up North a degree of  wriggle room. You might not agree on that point and that's fine but let's not have a go at someone having a go at amending what is essentially an unjust law in my opinion.

I've ensured your text is correct.

@ Hippogriff "You simply don't deserve to be head of the family any more"

Wow, well aren't you the keyboard warrior, I reckon KRERG is onto something you are a nasty piece of work! Bet you wouldn't say anything like that to my face you coward!

If we're going there, at least I can and have kids, based on your attitude it seems like a) you don't have any kids and b) who would want to procreate with someone as nasty as you??

Good luck and all that! Seems like you're gonna need it!

Well that went well .....

Quote from: mattbeks on October 01, 2016, 06:46:14 PM
@ Hippogriff "You simply don't deserve to be head of the family any more"

Wow, well aren't you the keyboard warrior, I reckon KRERG is onto something you are a nasty piece of work! Bet you wouldn't say anything like that to my face you coward!

If we're going there, at least I can and have kids, based on your attitude it seems like a) you don't have any kids and b) who would want to procreate with someone as nasty as you??

Good luck and all that! Seems like you're gonna need it!

Oh? Is you having kids a sign of your 'success' then? I may, or may not, have kids... just that I've never considered that that would make me especially successful, either way. You're living with your parents when you are parents. It's all gone wrong for you. I hope your partner understands, and forever. No point crying about it to strangers, though; I don't think many will care about "the troubles you've seen", you multi-property tycoon you... chin-up, best foot forward, take it on the chin... look before you leap, oh damn, you didn't!

I'd definitely say it to your face in a shot... but you seem to be implying physical violence on your part, or am I just inferring that? Numptie. Are those your true colours, then? Try that with HMRC too. Nice plan. Almost as good as your other 'plan' of winning the Lottery so you can pay SDLT.

I always appreciate good luck, thanks, but I hope never to need it, or depend on it.

Quote from: kferg on October 01, 2016, 09:50:50 AMPoint being he CAN'T afford it, if he could he'd pay it and settle his family into it!

Someone wants a champagne lifestyle on beer money.

Where I grew up, if you couldn't afford something (whatever it was) then you didn't get it. Maybe the OP has forgotten this basic principle.

Otherwise, other solutions - seeing as the others were dismissed (out-of-hand, I feel):

1) Lottery (I see this in already in-plan, good).
2) Maxing-out on credit cards.
3) Loan shark.
4) Second job.
5) Like 4, but easier... prostitution or escorting... or online video work, you know what I mean (low setup costs).

All have to carry more chance of success than this daft petition, even 1.

@HIPPOGRIFF - give it a rest eh? A tongue in cheek comment made by mattbeks about the lottery and you jump on it! The whole paragraph he wrote came across as someone trying to put to bed the ill feeling (at least the way I read it), then along you come again with your pathetic comments.

"You've singularly failed to look after your household properly - ending up in a crappy situation like this. You simply don't deserve to be head of the family any more. Pass over the responsibility to someone else, you're not capable of running a family."

What a wholly unnecessary paragraph. What are you basing your facts on? In fact don't bother answering, I don't want to hear another load of made up rubbish spouted out. Give it up. Though sadly I don't think that is possible. I know you'll be itching to have another go at anyone you can. But I recommend you leave this thread and don't post again, all you've done is make yourself look like a pathetic bully - again.

"Numptie"?? " but you seem to be implying physical violence on your part, or am I just inferring that" - I'd say so!

You're just an internet troll who can't even use his real name. I assume you're a man. Could be wrong.

Oh Hippogriff! You really are in the wrong here.You gave me a pretty sarcastic "character analysis" when I first posted on here in 2015.I had cheerfully admitted that I just wanted to have a good moan, when yet another tenant was giving me sleepless nights.Maybe I did need to be more resilient,but you really did take a hammer to a fly.Nonetheless,I have come to read your posts and advice with interest, and some amused respect for your bluntness.I don't suffer fools gladly myself, and you certainly seem to know your stuff.
Your responses to Mattbecs have  now gone from pompous and humourless to really spiteful and puerile giving the impression that you are maybe envious and bitter? Come on Hippogriff,you are bigger than this-aren't you?     

Actually - certainly not... I think mattbeks is one of those characters in life who's always on the look-out to blame someone else - anyone else.

mattbeks has presented this SDLT kicker as though it's something undeniably unfair.

But it isn't.

That's just the opinion of mattbeks and mattbeks doesn't like anyone who might think differently. mattbeks came on here asking for people to sign the petition... if anyone has done that then that's good news for mattbeks - but I haven't. I wonder if anyone has. Last time I looked it was just full of comments from obvious idiots and friends of the petition creator.

That is not going to bring about change. It's just a protest action, nothing more.

So, we need a reality check... rather than moaning, mattbeks needs to be doing something. If that's saving up to pay the SDLT so be it, but it is always hard to have sympathy for someone who has plenty of assets but can't pull together around £10,000 for necessaries - that's financial mismanagement, pure and simple.

Why do I say this?

Because this is the type of Landlord I hate. This is the type of Landlord who doesn't have a war chest, a reserve. This is the type of Landlord that will keep a Tenant without a boiler in the winter months because - "they can't afford the repair". Why do I think this? Because mattbeks can't pull together the SDLT for a property they want to buy for themselves, but they have numerous properties... something's gone wrong, for sure, and what has gone wrong here is not the SDLT kicker - that's not a secret, never was, and people could've prepared for it - what's gone wrong here is that mattbeks is crying foul because it seems to have taken them by surprise. It's pathetic - the first part of being successful is doing all your research.

Question: Envious of what? It seems unlikely, right, but I'm all ears if you've got ideas?

Quote from: heavykarma on October 02, 2016, 02:56:17 PMI don't suffer fools gladly myself, and you certainly seem to know your stuff.

Thank for this... kferg (who just accused me of not being brave enough to use my real name?!?!) seems to think that all threads I participate in end up in some kind of insult. Obviously they do not. I have taken exception to kferg and mattbeks (who I also think are the same person, please do note their writing style) because I can hear their plaintive whines from here and it grates... it's frustrating when people don't just accept their lot in life or get up and do something about it - something that might work. mattbeks has options that are just dismissed, there is a few courses of action open so that the tax is avoided completely - they're not good enough.

This petition is a joke... check out the sad photo and some of the supporter's comments:

"It's a breach of just cause and totally nonsensical." - like that comment.
"It is important for myself" - good stuff.
"I am looking to buy to rent, my savings ern next to nothing." - strange, 'cos my savings urn next to nothing.
"The Tax is a nonsense and very retrogressive." - retro-what-now?
"It am unfair tax." - me am Tarzan.
"olivia is a good mate hope to help" - Jesus, why not get mum and dad to sign - "I want them out of my house, at any cost, I'll pay the SDLT!"
"It needs to be scraped." - like a good wall.

People need to be told - this is not the way to waste your time.

Quote from: kferg on October 01, 2016, 10:17:50 PMYou're just an internet troll who can't even use his real name. I assume you're a man. Could be wrong.

kferg - what's your real name?

As I said... utter numptie.

Kaitlin Ferguson - shortened to kferg I think we've got off on the wrong foot, which was never my intention. I actually read with interest your comments regarding the possible court case over a non-protected deposit, where you offered some helpful advice. I joined this forum to help if/when I could, but also gain advice myself if needed, so personally I would rather leave the nastiness alone. At the end of the day it does no one any good.

Agreed.