With a general election scheduled for 8th June, the political parties have been publishing their manifestos and they’ve all announced policies on housing which could have a big impact on the private rental sector.
In the first in a series of articles on the main parties’ election manifestos, we’ll take a look at what the Conservative Party are planning for the housing sector and how landlords and housing experts are responding to it.
More and more landlords are abandoning the buy-to-let sector due to tax changes. According to the trade body ARLA Propertymark, an average of four landlords per branch of letting agents sold up in March, an increase of three from the previous month.
There has been plenty of publicity, objecting and debate surrounding the new section 24 law that was brought in from April 2017. Many have called it “the most thoughtless and destructive piece of legislation ever applied to the private rented sector”. This is a massive complication to countless landlords and one of the major changes seen by the buy-to-let sector – ever!