Rents Could Spiral for Private Tenants
By |Published On: 12th July 2015|

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Rents Could Spiral for Private Tenants

By |Published On: 12th July 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Rents Could Spiral for Private Tenants

Rents Could Spiral for Private Tenants

Private tenants could suffer further rent rises, after it was announced in the Budget that landlords’ tax relief will be cut.

Mortgage interest tax relief for buy-to-let landlords will be reduced from up to 45% to 20% by April 2020. Letting agents fear that landlords will not be able to offset costs, such as agent fees or repairs.

Experts have cautioned that landlords could therefore increase their rents to compensate for their loss.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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