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RLA Looking For Landlord Support On This Most Important Issue

Sadly, the legal bid to force a judicial review of the Government’s controversial Mortgage Interest Relief – or Tenant Tax - plans failed at the High Court.

But all is not lost. While Steve Bolton and Chris Cooper have confirmed they will not appeal the decision, we at the RLA are continuing to lobby at the very highest level to persuade the Chancellor to rethink plans to stop buy-to-let finance costs being a legitimate business expense.

The RLA has been campaigning since the proposals were first announced in 2015.  We have already met with Treasury officials to discuss the issue and have made a significant impact in Westminster.

There has been a surge of support from Tory backbenchers and we are continuing to campaign – asking that MIR changes be scrapped, or at the very least applied to new borrowing only, a move that will minimise the impact of these changes on established landlords. We have a further meeting with the Treasury scheduled and a round table meeting with Tory MPs ahead of the Autumn statement.

But we cannot do this on our own. It is vital that you contact your MP to explain the devastating impact that this unfair tax grab will have on you and your tenants.  You can also ask to meet you MP to discuss the issues face-to-face.

An RLA survey of landlords showed these changes will lead to higher rents for tenants, see repair and maintenance standards slip and stem the supply of PRS housing at just the time when demand is soaring. This is bad news for everyone involved and we need to let the Treasury know that.

We have updated our  template letter for all members to send to their MPs. Simply download it and use the empty box to talk about your own experience.

Or even better meet them in person.  And if you do see them, take a photo and 'tweet your meet'. Don't forget to tag @RLA_News and your MP, if they have a Twitter account. 

We need to spread the word to as many people as possible. Hundreds of landlords have already backed the campaign writing to and meeting with MPs and we are asking you to join them.

We need a last push ahead of the Autumn Statement. We need to hammer home to the Government just how devastating these changes will be and we need to stand together to oppose this unjust tax and fight for a fair deal for the PRS landlord.

Property Portals