Responding to the Chancellor’s Budget announcement

Filed in Breaking News by on 17th July, 2015

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The Chancellor George Osborne announced a raft of policies which will have an impact on the Private Rented Sector (PRS).

The NLA’s policy briefing can be seen below.

Responding to the Chancellor’s Budget announcement to restrict the rate of mortgage interest relief the basic rate of 20% from 2017, Richard Lambert, Chief Executive Officer, National landlords Association (NLA), said: 

“The Chancellor’s unwavering commitment to homeownership blinds him to the impact of the policies he proposes on the hard-working people he claims to champion.

“This move does nothing to support wider housing provision and will ultimately make Mr Osborne responsible for adding £840 per year – or £70 per month – to rents”.

Read the NLA’s blog and have your say – click here.WP_20150410_003

About the Author ()

Rob Crawford is the chairman of the Association of Local Landlords (Wessex). Rob is a practicing landlord with a property portfolio that includes small private residential properties and HMO's. Rob is a qualified letting agent and former owner of Kingfisher Lettings & Management. He is now a share holder of the successful online lettings company Lettingsupermarket.com.

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