NLA BUDGET RESPONSE: NO NEWS STILL BAD NEWS FOR LANDLORDS

March 9, 2017

Responding to the Chancellor’s Budget announcement today Richard Lambert, Chief Executive Officer, National Landlords Association (NLA), said:

“The Chancellor has passed up his last opportunity to reverse the damaging plans to restrict mortgage interest relief for landlords before they hit, or even to act on suggestions as to how he might ease the immediate impact.  Sadly, he still seems convinced by the Treasury’s analysis of the consequences, and it looks like he will only change his mind when the reality proves different.

“That’s little comfort to the landlords who will be forced up a tax bracket as a result of the changes or potentially forced out of business, nor their tenants who will be faced either with higher rents or the struggle to find another home in an already pressured housing market.

“However, we’re pleased the Government has listened to our calls to delay the implementation of the Making Tax Digital programme as it has the potential to cause chaos as landlords struggle to get to grips with the demands of submitting quarterly tax returns online”.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Estate Agent Talk

Insurance Broker’s Top Tips to Avoid Home Insurance Claims

Every homeowner wants to do what they can to avoid unnecessary insurance claims, especially if you have a high-risk property, holiday home or home you rent out to others. For homeowners, insurance claims can mean hefty hikes in insurance prices in the future, and for landlords or holiday homeowners, the loss of earnings while a…
Read More →
Estate Agent Talk

7 ways to pay off your mortgage faster in 2025

Paying off your mortgage gives you the personal and financial security of owning your home outright, and you no longer have the monthly cost of repaying your lender. Sarah Thompson, Managing Director of Mortgage Scout explains seven things you can do that should help you get there quicker: Consult an independent, regulated financial adviser If…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 05/02/25

Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.98% -0.04% +0.01% 5-year fixed 4.78% -0.03% +0.14% These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee. Lowest rates…
Read More →
Love or Hate Rightmove
Breaking News

February & March are the best months to list a home for sale

February and March are the best months to list a home for sale, based on the likelihood the home goes on to successfully complete, closely followed by April and January Nearly seven in 10 homes (66.3%) listed for sale in February and March since 2012 go on to complete the sale, the joint-highest months of…
Read More →
Home and Living

The Cost of Replacing a Wooden Garage Door in Seattle

The replacement of a wooden garage door might be a very expensive affair for homeowners in Seattle. Adding beauty and durability, the wooden garage door installation in Seattle gives a touch of character and worth to your home. The most important factor that is to be kept in mind is the estimation of the cost…
Read More →
painting with polycell crack free ceilings
Home and Living

The Benefits of Repainting Your Interiors

Repainting your home’s interior is a simple yet powerful way to refresh and revitalize your living space. Whether you’re looking to update outdated colors, boost your home’s value, or create a more inviting atmosphere, a fresh coat of paint can make a significant difference. In this article, we will explore the numerous benefits of repainting…
Read More →