Landlords Association takes Chancellor to task over buy to let

The Chancellor has increased stamp duty land tax (SDLT) on buy to let property purchases.

Richard Lambert, CEO at the National Landlords Association, said: “The Chancellor’s political intention is crystal clear; he wants to choke off future investment in private properties to rent.

“The exemption for corporate investment makes this effectively an attack on the small private landlords who responded to the housing crisis by putting their own money into providing homes by the party that they put their faith in at the election.

“If it’s the Chancellor’s intention is to completely eradicate buy to let in the UK then it’s a mystery to us why he doesn’t just come out and say so.”