Property News · June 10, 2016

Buy-to-let landlords likely to increase rents to offset higher costs


Tenants ‘will feel brunt’ as property investors are hit by new stamp duty and tax relief cut, says lenderMany tenants renting privately are likely to be hit with rent increases following changes to the tax regime for landlords, according to a report to be published this Friday.Research by the lender Kent Reliance found that about a third of buy-to-let landlords intended to pass on increased costs to their tenants following the surcharge on stamp duty for second property owners and cap on tax relief for buy-to-let mortgages. Continue reading…

Source : theguardian.com
Read more…Buy-to-let landlords likely to increase rents to offset higher costs

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