A petition has been launched on the Government website demanding the reintroduction of full mortgage interest relief for private landlords, and the dropping of the 3% Stamp Duty surcharge when additional properties are bought.
It alleges that both measures had increased homelessness by driving landlords out of the sector.
The petition, which runs until November 14, was launched only yesterday and by early evening had attracted over 1,500 signatures.
It says: “We call on the Government to reintroduce full mortgage interest relief and to drop the 3% Stamp Duty surcharge which is increasing homelessness by driving many landlords out of the sector, meaning tenants have less choice and higher rents.
“There will still be a continuing growth in demand for housing and a significant part of this will have to be available through private landlords.
“It is time to review the tax changes on buy-to-let landlords. It’s clear that the availability of rental property has decreased and rents have risen markedly.
“We call for policy change to end these disastrous tax policies which cause such profound suffering.”
The petition is launched by Mark Homer, one half of property investor training organisation Progressive Property, whose website welcomes visitors to its “lucrative” world.
The last line says it all and he’s just upset that it’s not as lucrative as it once was. No one is shedding a tear for buy-to-let investors.
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Tenants whose rent is going up will be crying and those currently losing their homes in London because London landlords can’t afford to keep on the lowest-paid and those on benefits anymore will also be crying.
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What a good idea this petition is, it needed someone to step up and do it. Tenants are being hard by this and it will get worse for them, its not on.
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Most of the Governments ‘Housing policies in the PRS ( because they don’t have many elsewhere and we’re easy targets ) are ;
Increasing Rents, such as sec 24, Licensing fee’s etc, or
Reducing the amount of accommodation available. ( HMO Minimum Room sizes from Oct )
Its quite amazing the Press are letting this go without a comment.
You’d think even more amazing that Shelter & Gen Rent aren’t kicking up – because they’re supposed to be concerned about Homelessness, aren’t they. Some might say not- just a lucrative Training company.
Oh wait a minute, Shelter aren’t going to ‘bite the hand that feeds them’ and risk losing their multi-million pound grants.
Helloooo, any Press awake out there ?
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