Monday, 21 December 2015

Treasury Plans Risk Cutting Supply Of Rented Housing

Proposals by the Treasury to hand greater powers to the Bank of England to make access to buy to let lending harder risks choking off the supply of new housing, say the Residential Landlords Association. They are arguing that the consultation, coming on top of extra tax payments by landlords and stamp duty increases on buy to let properties, has the potential to cut off investment in the private rented sector. According to government figures 83% of all new dwellings created between 1996 and 2013 were private homes to rent. Read more on 24dash.

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