Tenants in the private rented sector face the prospect of
higher rents as landlords pass on the costs of tax increases, according to the
Residential Landlords Association (RLA). In a survey of almost 3,000 of its
members, the organisation found that around two thirds of them were planning to
increase rents because of higher taxes. The survey also found that the same
proportion do not plan on purchasing any additional properties for their
portfolio. Nearly a third of landlords are considering leaving the market
altogether. This is despite predictions that one million new homes to rent will
be needed by 2021. The majority of landlords (56%) plan to increase rents in
the next 12 months to offset the impact of changes to mortgage interest relief.
Read more on the RLA website.
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