Scrapping tax relief for buy-to-let landlords will
constrain the supply of rented property and make life harder for tenants, a
lenders’ group has warned. The Intermediary Mortgage Lenders Association (Imla)
said measures that discouraged investment in private rental housing at a time
of population growth and low supply would only push up rents. The organisation,
which deals with banks and building societies that offer loans through brokers,
said the removal of higher-rate tax relief announced in July’s emergency budget
would push some investors into losses and raise the effective tax rate above
100%. Read more on the IMLA website.
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