The government fails to understand many landlords’ reasons for investing in property, according to the chairman of the Residential Landlords Association.

Alan Ward says: “The government is out of touch with the private rented sector.”

His comments come in response to calls from the Association of Residential Letting Agents (ARLA) for the government to strengthen the help it provides for landlords.

ARLA is hoping that the chancellor of the exchequer will pledge to introduce new measures in next week’s pre-budget report, such as introducing capital allowances for landlords who are improving housing older stock.

Mr Ward explains while he agrees with these proposals, the government has already demonstrated that they don’t understand the private rental market due to their decision to treat holiday lets as unearned income.

Similarly, the National Association of Estate Agents has also urged the government to stimulate the housing market by implementing measures such as extending the current stamp duty holiday and conducting a long-term examination of the function of the tax.

© Houseladder Ltd

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