Tag: Mortgage Interest Relief

Do we need to worry about the growth of short-term letting?

It has been a year since we launched the RLA PEARL, the RLA’s research lab. One of our most high-profile research projects has been our investigations into short-term lettings and the movement of properties from the long-term residential market to the short-term holiday market. As part of #PEARLweek, we review our research findings and explore if we need to worry about short-term lettings, read on to find out more.

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RLA PEARL: A Year in Review

It has been a year since we launched RLA PEARL and in this short time, we have achieved a lot, and at a time when the political focus on the private rented sector is intensifying. In this blog post, we review our activities, successes and impacts over this past year.

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Supporting private landlords not pushing them out is key for a modern sector of the future

Our findings are showing that landlord sentiment to the sector and investments is deteriorating. We estimate on top of the 46,000 privately rented homes that have already been lost (MHCLG, 2018), there will be a further net loss of 133,000 homes to rent. We need to move to a broader but fair reform of private renting; with improved access to justice for landlords and tenants, expanded options for security of tenure, and reformed taxation policy that supports not penalise private landlords.

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The Impact of Taxation Reform on Private Landlords

The past two decades have seen the rapid development and growth of the private rented sector in the UK. Between 2001/02 and 2011/12 the sector has doubled in size and now accounts for 20% of households in England (MCHLG, 2018). The Government are implementing major changes to the taxation of the private rented sector, including changes to mortgage interest relief. This report builds upon previous research into the experiences of landlords and their attitudes toward the future.

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