Warning Of Higher Rents As A Result Of Budget Measure

The measures announced in the budget create damaging uncertainty for the private rented sector and will leave tenants facing increased rents, claim the landlords’ representatives. HMRC’s impact assessment refers to the proportion of individual landlords that will receive less relief as a result of this measure. This misses the point that it is not the landlords but the number of properties affected that matters most. According to HMRC 20 per cent of landlords will be affected but many of these, if not most, will have more than one property with an interest charge against each. The RLA are warning that the measure: “could see buy-to-let investors feeling the squeeze and putting up rents”, which, it notes, “would have a major impact” on tenants. Read more on the RLA website.