Landlords being clobbered!
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Submitted by Isabel Dove on Sat, 04/06/2016 - 10:22
Landlords are needed!!!!
The former Welsh Secretary and MP for Clwyd West, David Jones, has written an article in the Conservativehome online magazine asking why they are clobbering people who provide homes to rent?
The main points include:
- the myth that landlords were being taxed more favourably than owner occupiers
- that landlords are buying the properties from under first time buyers
- the restriction on mortgage interst releif and the 3% levy on stamp duty will act a s a deterent for potential landlords and will ultimately push up the rents for those who are still unable tyo buy
- three quarters of landlords surveyed by the Residentail Landlords Association, said the tax changes would stop them buying more properties to rent out, restricting the properties available and increasing rents through high demand and lack of supply