Budget measures 'may drive up rents'
Measures announced in the government's latest budget could lead to higher rents in the private rented sector.
This is according to the Residential Landlords Association and the Scottish Association of Landlords, which have accused the chancellor of creating uncertainty within the rental market.
George Osborne has revealed mortgage interest relief will be restricted to the basic rate for landlords. HM Revenue and Customs has predicted 20 per cent of landlords will be affected by the change, however the Residential Landlords Association and Scottish Association of Landlords has warned many of these will own more than one rental property, meaning the impact of the new measure will be much more far reaching.
Read the full article from Rentman HERE
