FTSE 100’s BT has a 9.5% dividend yield now. Here’s what I’d do

first_imgFTSE 100’s BT has a 9.5% dividend yield now. Here’s what I’d do Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Manika Premsingh | Monday, 3rd February, 2020 | More on: BT-A I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares The FTSE 100 telecommunications provider BT Group (LSE: BT-A) saw a 7.4% drop in its share price in a single day following the release last week of its trading update. The shares are now trading close to the lowest levels seen in the past year. This raises the all-important question – is it a good time to buy BT?  5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Growth investors’ prospects The way I see it, the answer depends on your investing goal. If you are a growth investor – that is, one who seeks capital appreciation – then an investment in BT requires careful thought. The company’s share price has been trending downwards for much of the past five years. That’s enough time to make any long-term investor lose confidence in the stock. But it’s not always been such a poor performer. Between its lowest in early 2009 to a high at the end of 2015, BT’s share price rose by 75% on average every year. Allow me to provide some perspective. Last year, JD Sports Fashion was the biggest gainer in the FTSE 100 set. Its share price increase was to the tune of 80%. Between 2009 and 2016, the BT share price showed close to that much appreciation every single year on average. For this reason alone, I find it hard to overlook the BT stock. The question that now faces the investor is this whether or not BT can repeat its past performance. According to analyst estimates compiled by The Financial Times, the average share price forecast is 225p for 12 months, which is an almost 40% increase from the current level.  This correlates with BT’s positive outlook for the future, despite this recent disappointing trading update. Even though both revenue and profit are down, chief exec Philip Jansen says that BT “remain on track” to meet full-year expectations. We will know for certain only once the 2019 results are out. But that’s still a few months away, in May. High dividend yield For now what we do know is this. With the fall in share price following the update, BT’s dividend yield is at 9.5%. This makes it one of the highest dividend yielding stocks in the FTSE 100, after EVRAZ, Centrica, and Imperial Brands. Assuming that BT maintains its dividends at 15.4p going forward, I can be sure of this high yield at today’s share price. And, even if the share price rises to 225p, the yield would still be strong at 6.8%. But what if BT cuts its dividends? I reckon the investor still stands to win. Consider the worst-case scenario: The BT share price is at 225p and the dividend amount falls back to its lowest level in the past five year, which is 12.4p. In this case the yield would be 5.5%, which is still higher than the FTSE 100 average dividend yield. Further, the stock has also appreciated almost 40%.  All in all, I think BT is potentially risky for growth investors right now. However, if passive income is the investing goal, I don’t see how we can go wrong with it.  Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997”center_img Manika Premsingh owns shares of BT GROUP PLC ORD 5P. The Motley Fool UK has recommended Imperial Brands. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Image source: Getty Images. See all posts by Manika Premsinghlast_img read more

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Credit crunch means rising costs and increased demands on charities

first_img Tagged with: Charity Commission credit crunch Giving/Philanthropy Law / policy recession Research / statistics Howard Lake | 14 October 2008 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  30 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. A survey for the Charity Commission has confirmed that charities are being squeezed by both an increase in demand for their services and increased costs amid the credit crunch and financial crisis.The survey of 514 charities reveals that 38% of them have reported that they have been hit by the economic downturn of the last year. Twenty one per cent reported an increase in demand for their services over the last twelve months.At the same time, 54% said they had had to deal with increased costs in things such as energy, food and travel.One in four charities that collect monetary donations reported a decrease in donations. Of these, one in 12 said that they had had to make redundancies as a direct result.The representative sample of just over 500 charities was interviewed by telephone between 17th September and 30th September 2008, so before the Icelandic banks crisis emerged.The survey included charities with incomes of less than £10,000 a year up to charities with incomes of more than £1 million a year.Of the 190,000 charities registered in England and Wales, two thirds have an income of less than £10,000 a year, and 9,000 charities have an income of more than £500,000 a year.The Commission is providing support and advice to charities via its helpline on 0845 300 0218, in particular with regards to the collapsed Icelandic banks. One charity that has been in touch with the regulator had £11 million deposited.It is also asking charities that have been affected by the collapse of Icelandic banks to come forward, so that the full extent of the impact on the sector can be properly assessed.Dame Suzi Leather, Chair of the Charity Commission said: “Charities, like many organisations at present, are facing a great deal of uncertainty, and for some the situation could get much worse. Even before last week’s problems with Icelandic bank collapses, some charities are really being squeezed by higher costs and higher demands for vital services. They will wonder how they are going to survive the current crisis whilst trying to continue meeting people’s needs”.She added: “Most importantly, I really want to encourage people to keep supporting and giving to our charities in these difficult times. They need our help more than ever.”www.charitycommission.gov.uk Credit crunch means rising costs and increased demands on charitieslast_img read more

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Michael Ratner: 1943 – 2016

first_imgThe progressive and anti-imperialist movement lost a valued fighter on May 11, when Michael Ratner died at the age of 72. Ratner was known for standing up against the U.S. ruling class and power structure on all issues, domestic and international, from Guantánamo to Yugoslavia.Ratner used his legal training and know-how throughout more than four decades to battle class injustice, imperialist war and all forms of discrimination. In the decade before his death, he was president emeritus of the Center for Constitutional Rights, an organization that he had played a big role in building, and president of the European Center for Constitutional and Human Rights, based in Berlin.Most recently, he impelled the CCR to fight to end the use of the U.S.-occupied Guantánamo naval base in Cuba as a concentration camp for alleged “terrorists.” The CCR defended the rights of the Guantánamo prisoners against illegal detention without trial and against the torture practiced by CIA inquisitors. Ratner has also given assistance to struggles in Palestine, Central America and other parts of the world. His contribution to the Cuban Revolution was recognized in a eulogy written by the former president of Cuba’s National Assembly, Ricardo Alarcón de Quesada. (cubadebate.cu, May 13)Ratner had not only political insight but also civic courage. He stood up when many others failed to recognize the Bill Clinton administration’s demonization of the Yugoslav and Serb leadership as a pretext to justify the 1999 imperialist war. Ratner made an important contribution as a judge at a people’s tribunal in June 2000 that found the leaders of the U.S. and its NATO allies guilty of war crimes against Yugoslavia.Michael Ratner, we will miss you.— WW managing editor John Catalinotto, an organizer of the International Action Center’s People’s Tribunal on Yugoslavia. For the CCR’s message on Michael Ratner, see tinyurl.com/huex3r8.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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NATO Summit talks peace, plans war

first_imgItaly’s Prime Minister Matteo Renzi (L-R), Britain’s Prime Minister David Cameron, Ukraine’s President Petro Poroshenko, U.S. President Barack Obama, Germany’s Chancellor Angela Merkel and France’s President Francois Hollande stand for a photograph after their meeting.President Barack Obama had to rush his participation at the NATO Summit in Warsaw, Poland. As head of the imperialist U.S., he was mobilizing European countries to confront and threaten Russia, but had to spend much of his time responding to the crisis unfolding in the U.S. itself.While Obama professed that the U.S. was a united country, other articles in this issue of Workers World show that the U.S. consists of both an oppressor state and oppressed nationalities. He spoke of making “peace” at home between the oppressive state — the racist police, prisons and legal system — and the Black and Brown communities. But his role in Warsaw was to increase the danger of war in the world.The July 9 photo the New York Times published showed Obama shaking hands with the heads of Italy, Britain, Germany and France — all major former colonialist powers — and the president of Ukraine. Including Ukraine emphasized imperialist support for the regime these powers embraced when they backed neofascist elements to take over in what had once been a Soviet republic.Mass protests of people in Warsaw and other European capitals against NATO showed that the anti-war forces in Europe saw Obama not as a peacemaker, but as symbolizing the threat of another war. Just to hold the summit in Poland, which borders Russia’s Kaliningrad province in the north and Ukraine to the east, is itself meant to provoke a nuclear-armed Russia and raises the danger of a devastating war.To underline that threat, NATO had held “Anaconda” war maneuvers through early June, in which 31,000 troops and armored vehicles rolled eastward through Poland and 6,100 troops, 45 warships and 60 warplanes maneuvered in the Baltic Sea.In 1990, during negotiations between the U.S. and then-Soviet leaders, Washington promised not to move NATO eastward. An article on Nov. 26, 2009, in the German magazine Der Spiegel made clear that during these negotiations: “There was no doubt that the West did everything it could to give the Soviets the impression that NATO membership was out of the question for countries like Poland, Hungary or Czechoslovakia.” They lied. NATO has since expanded to surround Russia from the west and south. (tinyurl.com/nvm476v)NATO now includes not only Poland, Hungary and the former Czechoslovakia, but also some of the former republics in the Soviet Union, including Georgia. The U.S. also pulled both Sweden and historically neutral Finland — which had for decades been a neutral buffer between Russia and the West — into the recent anti-Russia war exercises. Since the Soviet Union dissolved in 1991, NATO waged a war on Yugoslavia from 1995 to 1999 that dissolved and destroyed that multinational country, as well as intervening in Afghanistan, Iraq and Libya.NATO had already, before the summit, agreed to establish battalions of 800 to 1,200 troops from different countries in Poland, Lithuania, Estonia and Latvia, along with a brigade of four additional battalions stationed in Bulgaria and Romania. U.S. officers will command the battalion in Poland, which is almost completely made up of U.S. troops.Although it was U.S. and NATO military intervention in Afghanistan, Iraq and Syria that disrupted those societies and caused mass migration, NATO leaders have used the migration crisis as a pretext for more intervention in the destabilized countries, specifically Afghanistan. NATO’s other response to the migration/refugee crisis has been to deploy naval forces to stop ships bringing refugees across the Mediterranean.NATO agreed July 9 to use troops from various countries to train Iraqi government forces. On July 11, the U.S. announced that it would send an additional 560 troops to Iraq to take part in the fighting for Mosul, a major northern Iraqi city of 1.5 million people.On the way back to the U.S., Obama visited Spain, including a stop at a U.S. military base in the south of the country. In response, thousands of people demonstrated in Madrid on July 10, saying, “Obama go home” and “No NATO, no war.” (Email release from Red Roja, July 10)In the United States, where anti-war demonstrations also raised slogans protesting racist police killings in the U.S., there were anti-NATO protests in New York, San Francisco and Los Angeles.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Children and women lost, people dead in ICE custody

first_imgAccording to a report by the American Civil Liberties Union  released Oct. 24, over 5,400 children have been separated from their families by U.S. immigration authorities at the Mexican border since July 2017.While a federal judge in San Diego on June 26, 2018, ordered that the children be reunited with their families, the ACLU report cites the difficulty of locating the children due to the government’s inadequate tracking system. Calling the Trump administration policies “shocking … inhumane and illegal,” ACLU attorney Lee Gelernt said: “Families have suffered tremendously, and some may never recover.” (aclu.org, Oct. 24)Earlier in October, lawyers from the Refugee and Immigrant Center for Education and Legal Services, reported that Immigration and Customs Enforcement moved 700 women from a Texas detention center but failed to provide any updated information on their online detainee tracking system. Many of the women had serious and deteriorating health issues.  RAICES director Andrea Meza stated, “I’m really fearful that their conditions could worsen. I don’t want them to be another ICE press release about death in detention.” (msn.com, Oct. 9)At least seven immigrants have died in ICE detention centers in 2019, and six minor children died in Border Patrol centers because they did not receive proper medical care.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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HUD Celebrates National Homeownership Month

first_img Related Articles  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / HUD Celebrates National Homeownership Month The Best Markets For Residential Property Investors 2 days ago May 31, 2018 5,253 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Ben Carson Homebuyers Homeowners Homes Households HOUSING Housing Counseling HUD 2018-05-31 David Wharton If you weren’t aware that June is National Homeownership Month, the U.S. Department of Housing and Urban Development aimed to change that on Thursday, kicking off a new media push and announcing their theme for the month: “Find Your Place.”“Homeownership serves as an enduring symbol of security and prosperity, and it provides many Americans with a legacy they can pass down to their children and grandchildren,” said HUD Secretary Ben Carson. “During National Homeownership Month, we recognize the abiding value of owning a home, and we rededicate ourselves toward helping hard-working families to find their place in the American dream.”In the media release, the department spotlights HUD’s legacy, stating, “Since 1934, more than 47 million households purchased a home with mortgage loans insured by the Federal Housing Administration (FHA). During the housing crisis of a decade ago, FHA played a critical role in keeping affordable mortgage financing available for millions of qualified borrowers. Today, home sales are at pre-crisis levels and home prices on the rise in most parts of the country as millennials make up the largest segment of first-time homebuyers. Through FHA and a national network of HUD-approved counseling agencies, HUD is working to make responsible homeownership a reality for millions of Americans.”HUD also provides a quick snapshot of the state of both homeownership and how the department is working to promote it in 2018:HUD’s Office of Housing Counseling (OHC) supports a nationwide network of more than 1,800 housing counseling agencies.Struggling homeowners at risk of default who work with a housing counselor are more likely to get a loan modification and are 30 percent less likely to face foreclosure, compared to similar owners who did not get counseled.The median wealth or net worth of a homeowner is nearly $200,000, or 36 times greater that of the median renter who had just over $5,000.Homeowners move far less frequently than renters, making it easier to build community networks and support systems.Children of families who own their homes are more likely to graduate high school and earn more income later in life.Last year alone, more than 1.2 million people turned to FHA to help them buy a home or to refinance into a lower cost mortgage.Today, an estimated 40 percent of all borrowers turn to FHA to purchase their first home.44 percent of home purchases by African American families and 43 percent of home purchases by Hispanic families are assisted by FHA.To see a short video of HUD Secretary Ben Carson reflecting on the legacy of the 1968 Fair Housing Act, click here. Tagged with: Ben Carson Homebuyers Homeowners Homes Households HOUSING Housing Counseling HUD About Author: David Wharton HUD Celebrates National Homeownership Month Previous: DS News June Issue: Mr. Ebers Talks Mr. Cooper Next: Remodeling Activity Soars, Breaks Records Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

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Ireland defeat England B at home International Snooker tournament in leeds

first_img Main Evening News, Sport and Obituaries Tuesday May 25th Google+ 75 positive cases of Covid confirmed in North Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic Previous articleOver 15,000 on Donegal’s hospital waiting lists – Senator Pádraig Mac LochlainnNext articleMan arrested as part of investigation into violent dissident republican terrorist activity released admin Google+ Ireland defeat England B at home International Snooker tournament in leeds Man arrested on suspicion of drugs and criminal property offences in Derry Facebookcenter_img Pinterest Further drop in people receiving PUP in Donegal Pinterest By admin – August 9, 2016 Twitter Twitter WhatsApp News Northwest snooker club players Sean Devenney from letterkenny and Ronan Whyte from Ardara are in home international action this week in Leeds,yesterday the Irish lost 9-3 to Wales.Today they were in action against England B Ireland came away with victory today by 8 frames to 4, Sean won 3-0 today and Ronan lost 2-1 Ireland play Belgium tomorrow at 3.30 Gardai continue to investigate Kilmacrennan firelast_img read more

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Breaking: Investigation underway into early morning burglary

first_imgHomepage BannerNews Google+ Twitter WhatsApp By News Highland – December 22, 2020 Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programme Important message for people attending LUH’s INR clinic An investigation is underway into an early morning burglary in Letterkenny. The incident happened at a restaurant on Lower Main Street at around 5.30am this morning.A side window of the property was smashed and a sum of cash was taken from the till.It is believed from enquiries at this early stage that two males entered the premises and left a short time later.Anyone who observed these two males at Lower Main Street or observed any suspicious activity in or around that time are being asked to contact Gardai. Facebook Facebook WhatsAppcenter_img Previous articleNativity crib in Letterkenny damaged in weekend attackNext articleCabinet approves new Covid-19 restrictions News Highland Pinterest Breaking: Investigation underway into early morning burglary Google+ Twitter Arranmore progress and potential flagged as population grows Pinterest RELATED ARTICLESMORE FROM AUTHOR Community Enhancement Programme open for applications Publicans in Republic watching closely as North reopens furtherlast_img read more

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Celebrating ‘Roots’

first_img Metzger said those who attended the exhibit will be impressed and maybe even surprised by the talent of their friends and neighbors.“These artists are our friends and neighbors and the exhibit is just a shining example of what the people in Pike County are doing and an opportunity for us to know about and appreciate their talents,” Metzger said.The Johnson Center for the Arts has extended its hours during the holiday season so that family members, who come home for the holidays, and visitors will have a greater opportunity to view the exhibit.Through December, the Johnson Center will be open during its regular hours, from 10 a.m. until 5 p.m. Wednesday through Friday and also from 10 a.m. until 4 p.m. on Saturday.There is no admission charge and the public is always invited.“We hope everyone will come out and enjoy the exhibit and show pride in our community as we support our friends and neighbors,” Metzger said. Remember America’s heroes on Memorial Day Sponsored Content “We have a tremendous wealth of talent in Pike County and wanted to give these artists an opportunity and a place to showcase their work,” Metzger said. “I am very impressed with the variety of the show – the texture, the tone and the size of the works. Overall it’s an excellent show.“Pike County is a creative community and ‘The Roots Exhibit’ bears testimony to that.”Metzger said the exhibit has an overall appeal, no matter one’s background in the arts.“You don’t have to be schooled in the arts to appreciate this exhibit,” he said.  “It can be enjoyed as an aesthetically pleasing experience.” By Health Videos You Might Like TRMC: Doctor must reapply for privileges A doctor whose license was recently reinstated will have to reapply for privileges at Troy Regional Medical Center, hospital staff… read more Latest Stories By Jaine Treadwell Published 6:27 am Tuesday, November 15, 2011 Doctor: Do This Immediately if You Have Diabetes (Watch) Print Article Celebrating ‘Roots’ Pike County honors its own artistsA packed house for an art exhibit in Pike County is not the norm for a Sunday afternoon.But, that’s what happens when a community honors its own. Pike County Sheriff’s Office offering community child ID kits The Johnson Center for the Arts in Troy hosted an artists’ reception Sunday for “The Roots Exhibit” that features the artists of Pike County.“We have brought the artists home,” said Richard Metzger, Johnson Center director. “‘The Roots Exhibit’ includes about 150 pieces of artwork by 40 artists who are Troy natives or who call Troy home. Thirty-eight of the artists attended the reception and, for them, it was a wonderful time of seeing old friends and reconnecting.”The participating artists were selected by a committee that identified the local talent and invited the artists to show their work at “The Roots Exhibit,” which is the first of its kind at the Johnson Center for the Arts. Troy falls to No. 13 Clemson Skip Book Nook to reopen Email the author Around the WebDoctor: Do This Immediately if You Have Diabetes (Watch)Health VideosIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Plans underway for historic Pike County celebrationlast_img read more

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Buy-to-let tax squeeze should be “scrapped” says high profile Tory peer

first_imgA former Tory grandee has criticised the government’s recent buy-to-let tax tax squeeze, describing it as “ill conceived”.Former Tory vice-chairman and shadow Vice Secretary to the Treasury Lord Flight (pictured, right) has called for the government to scrap many of the recent taxes on landlords and “provide the support needed to the individuals and small businesses who make up the vast majority of the country’s landlords”.Stifling investmentHis comments were made on the Conservative Home website over the weekend, in which he also calls for the recent hike in Stamp Duty on buy-to-let purchases and reduction in reliefs to be scrapped because they are “stifling investment, as anyone could have predicted” and catching out “natural Conservative voters”.“The decisions to impose a stamp duty levy on the purchase of homes to rent out, coupled with restricting mortgage interest relief to the basic rate of income tax and the decision to tax a landlord’s turnover rather than profits, are causing many landlords simply not to invest further in much needed new homes to rent; or even to consider leaving the sector altogether,” he says.“The mortgage interest restrictions need to be scrapped, and the stamp duty levy needs also to be cancelled where a landlord invests in a new property, brings an empty home back into use, or converts disused office or retail space into homes. It is perverse that this tax actively discourages investments in the much-needed new homes that add to the net supply of housing.”Fewer rental propertiesAt the same time Stuart Law, CEO of leading property investment firm Assetz, this weekend revealed that he believes the recent tax increases via changes to Stamp Duty and reliefs have already reduced the size of the buy-to-let market by 50% this year, and that this will “lead to many fewer rental properties coming to the market, pushing up rents”.“The new changes will bring to market a lot of cheaper housing for first time buyers for sure but we’ll see capital growth slow or even go negative as supply begins to exceed demand for a few years caused by landlords selling their properties,” he says.Read Lord Flight’s article in full.Lord Flight assetz Stuart Law May 30, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Buy-to-let tax squeeze should be “scrapped” says high profile Tory peer previous nextHousing MarketBuy-to-let tax squeeze should be “scrapped” says high profile Tory peerFormer Vice Chairman says private landlords should be supported not squeezed because it is they who will supply most new homes in short term.Nigel Lewis30th May 201702,297 Viewslast_img read more

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