Tenants to Pay More Rent To Cover Budget Tax Break Cuts

Half of landlords intend to increase rents in response to measures in the Chancellor’s budget, according to a new industry survey. A total of 56 per cent of landlords polled said they were likely to make tenants pay more to cover their costs after George Osborne scaled back tax breaks for renting out properties. Mr Osborne’s budget could however stem the number of new build houses being bought up by landlords and make room for people to buy their own home. Fifty seven per cent of landlords polled said they would not buy up more houses as incentives were reduced, and 23 per cent said they would consider selling off their properties – potentially increasing the supply of homes on the market. Read more on the Independent website.