Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Landlords urge Chancellor to avoid further cost burdens ahead of Budget
The government should resist imposing further costs on landlords in the Budget or risk adding to the financial pressure already facing tenants, according to the latest Landlord Trends research from Pegasus Insight.
The message comes ahead of the Budget, which is due to take place on October 28.
Cumulative impact of tax and regulatory changes
The research reveals widespread concern among landlords about the cumulative impact of tax and regulatory changes affecting the Private Rented Sector (PRS).
According to the findings, many landlords indicate that higher costs will ultimately influence rents and their approach to letting property.
What this means for agents and clerks
The source report does not set out specific policy proposals or figures, but landlords are signalling that additional cost pressures could shape how they manage and let their properties.
For letting agents and inventory clerks, continued concern among landlords about costs may be relevant to conversations about property management, lettings strategy, and client expectations as the Budget approaches.
Source: Landlord Today