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Company landlords now own 20% of rented houses, a new record

Posted on Posted in Real Estate

A recent report showed that company landlords now own 20% of rented houses, which is a new record since renting records began. The question is, what has caused this increase, and is it a growing trend? One key reason could be the hike in stamp duty on second homes of 3%, which was introduced last April. Property corporations noted a surge in individuals buying property to rent before the new changes came in April 2016. This April has seen landlords hit again by changes in tax relief laws. Over the next four years, the tax relief that landlords can claim on mortgage increase payments is being phased out. By 2020 […]