The three per cent stamp duty surcharge being imposed on buy to let and other properties is set to hurt tenants far more than landlords or the property establishment according to the founder of rentals app Movebubble.
Aidan Rushby, writing in the online news publication Huffington Post, says the motivation behind the surcharge - to emphasise owner occupation over renting - is all well and good but as has continually happened, the people who are going to suffer the most have been entirely ignored in the process: the renters.”
Rushby says rising landlord costs will inevitably filter down to tenants “leading to a decline in the rental stock and consequently raising prices.”
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Water is wet...
Worried about our profits are we?? Absolutely NO conflict of interest here then, completely unbiased.
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