On the 8th of July, George Osborne announced the new Budget, and it spelt a big change in the fortunes of buy-to-let landlords. In what the Chancellor explained as a move to “level the playing field for homebuyers and investors”, tax relief on mortgage payments for landlords has been significantly cut: where previously a landlord […]
The recent budget had a heavy focus on housing, with most changes affecting social and private landlords. Social housing rents will fall by 1% for four years, as social landlords are forced to reduce rents. George Osbourne has attacked the “staggering” rises in the social housing sector, and the new reduction will take effect in […]
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