Grant Shapps: To ask the Secretary of State for
Communities and Local Government, if he will make an assessment of recent
trends in buy-to-let cost rises; and what steps his Department is taking to mitigate against any adverse effect from
significant changes in property prices.
Gavin Barwell: HMRC’s analysis shows that only 1 in 5
landlords will be affected by the tax changes on property finance costs (such as mortgage interest or
interest on loans to buy furnishings). The Government does not expect this to
have a large impact on house prices or rent levels due to the small overall
proportion of the housing market affected. The Office of Budget Responsibility
also expects any impact to be small.
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