With responsibilities for landlords increasing, costs to meet these responsibilities — such as additional homes surcharge across each of the UK nations’ land transactions systems — are also mounting which could be leading to many landlords selling their properties or diversifying into the short-term lets sector.
Avoiding over-regulation across the UK should be a priority to keep existing landlords in the sector as well as attract new buy-to-let investment.
Propertymark has consistently called for the enforcement of existing rules, which we believe should be the main focus for governments to target rogue landlords rather than adding more red tape that may alienate those who try their hardest to comply/ have an interest in joining the sector.
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