Rising Rents Ease Landlord Fears Over Tax Increases

Fears that higher Stamp Duty charges on buy-to-let rental property purchases might destabilise the market have so far proved unfounded according to the April HomeLet Rental Index.  HomeLet’s figures show that rents agreed on new tenancies across the UK over the three months to the end of April have continued to grow at remarkably consistent rate. The Index reveals that rents on new tenancies signed on a UK rental property outside of London over the three months to April 2016 were, on average, 5.1% higher than in the same period of last year. That was barely changed from March’s figure of 4.9%, with rent rises having remained in a very narrow band since the beginning of the year. Read more on the HomeLet website.