Here's my initial reaction in a press release just released this minute to the media -
Social entrepreneur Kevin Green, one of the UK’s biggest private sector landlords, said:
You obviously have to welcome the help schemes targeted at getting the housing market moving.
The shared equity scheme and guarantees on new lending are very good news.
The man in the street will be pleased at the £10,000 threshold and there’s good news for businesses on corporation tax.
But my biggest worry is the way the Chancellor was talking about changes to welfare and benefit payments in June.
He didn’t really elaborate and that must be a headache to landlords like myself.
In short, many landlords will be thinking whether they should take on benefit claimants as tenants.
The lack of clarity in the Chancellor’s statement will leave landlords worried. We need more detail and we need it now, not in June, as the uncertainty will not be good for the rental housing sector.
- Kevin is a self-made multi-millionaire and social entrepreneur. He is one of the UK’s largest residential property landlords and a multi-business owner.