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Wednesday, August 07, 2013

Prism trumpets BIG landlords

Mark Prism the current Housing Minister has been busily trumpeting the success of his BIG initiative on drawing in institutional investment into the private rental sector.  It's good news.  He seems particularly excited about getting some marauding Swedish institutions investing in our buy-to-let schemes.  Careful Mark.  Remember the last time we had a marauding Skando at our door buying up big slabs of the British landscape.  It heralded the financial crash.  I'm sure this time things will be different.  Mark makes great play that £6.5 billion is available to property investors in the form of mortgage guarantees.  However I understand that these benefits will only be available to organisations such as housing associations not individual landlords.

Small landlords neglected.
I do hope Mark as well as trumpeting his successes with his BIG institutional friends he stops to acknowledge the fantastic work done by us small scale landlords who have grown the sector in good times and bad and provide little old UK with quality accommodation for students, the unemployed to professional and even Russian olligarchs across the land.  Whilst the big boys seem to be the beneficeries of these big bucks incentives, us small landlords seem to have been totally bypassed.

So Mark remember we built this sector, we are Margaret Thatchers children.  Don't forget about us  small guys.  How about some small scale tax breaks to incentivise landlords to invest even more into our properties.  I've said before ....big isn't always beautiful!

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