Reverse restrictions to landlords’ finance cost relief.

Summary

We call for the Government to remove the restrictions on the tax relief that buy to let landlords are entitled to claim on their mortgage interest. We believe removing it may entice landlords back to the market, increase availability and make rents more affordable. We believe landlords provide an important service and this unfair tax has caused many to leave the sector, resulting in a shortage of rental properties and increase in rents and homelessness. We believe it has resulted in similar dire circumstances that we think happened in Ireland following a similar policy in 2009, which restricted landlords from claiming tax relief on their mortgage interest.

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