The average UK monthly rent has risen to over £1,000 for the first time, according to new data.
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The stamp duty surcharge and the tailing off of mortgage interest tax relief have driven hundreds of thousands of landlords from the buy to let sector, new data suggests.
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The government has been urged to implement pro-private rental sector policies in April’s Budget in order to promote long term investment in the private rental sector and reduce costs for tenants.
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Landlords’ confidence in the buy-to-let sector has fallen to the lowest level in over a decade, according to the National Landlords Association (NLA).
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Plans to introduce a scheme that would allow deposits to move between landlords instead of tenants putting down cash lump sum at the beginning of each tenancy, are being proposed by the government.