Article Posted -
08 Jul 2015

Responding to the Chancellor’s Budget announcement to restrict the rate of mortgage interest relief the basic rate of 20% from 2017, Richard Lambert, Chief Executive Officer, National landlords Association (NLA), said: 

“The Chancellor’s unwavering commitment to homeownership blinds him  to the impact of the policies he proposes on the hard-working people he claims to champion. 

“This move does nothing support wider housing provision and will ultimately make Mr Osborne responsible for adding £840 per year – or £70 per month – to rents”. 

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