'Abolishing the stamp duty relief on multiple dwellings could be seen as another blow to those landlords who increase their property portfolios using it'
Gina Peters, head of landlord and tenant at Dutton Gregory Solicitors: "Abolishing the stamp duty relief on multiple dwellings could be seen as another blow to those landlords who increase their property portfolios using it.
Section: Opinion
Gina Peters, head of landlord and tenant at Dutton Gregory Solicitors: "Abolishing the stamp duty relief on multiple dwellings could be seen as another blow to those landlords who increase their property portfolios using it.
"This will likely impact the number of landlords transferring their property portfolios to a company in view of the tax savings there.
"For the BTL industry, a change in mortgage interest relief would have made a big difference in restoring some confidence for those landlords gradually increasing their portfolios, as well as further incentives for landlords to deal with properties that require upgrading, particularly those with regular recurring mould and damp.
"Grants for both ventilation and insulation would be key target areas; this would also work hand in hand with aiding landlords in increasing the EPC rating of their properties, which for many, is financially unattainable."