Many tenants renting privately are likely to be hit with
rent increases following changes to the tax regime for landlords, according to
a new report. Research by the lender Kent Reliance found that about a third of
buy-to-let landlords intended to pass on increased costs to their tenants
following the surcharge on stamp duty for second property owners and cap on tax
relief for buy-to-let mortgages. Four in 10 of the landlords expected to increase
rents in the next six months, with three-quarters saying they would do so to
offset the reduction in tax relief on mortgage interest. The average rent rise
buy-to-let investors anticipated was 5.6%, or £49 a month. Read more on the
Guardian website.
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