Landlords Sell Up in Droves

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Research suggests that one in five buy-to-let landlords is planning to sell some of their properties this year, partly because the amount of tax private landlords now pay has risen sharply. The analysis by Capital Economics for Taxing Homes blames the withdrawal of mortgage interest tax relief for higher rate taxpayers, a three per cent surcharge on the purchase of additional properties and a ban on upfront letting fees for tenants. Richard Lambert, of the National Landlords Association, says that the government needs to look at the impact these policies will have on the private rented sector, which “more and more people are relying on for a home”.

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