Video: ‘I worry about how much more landlords can take’ – Rickards

Video: ‘I worry about how much more landlords can take’ – Rickards

 

Speaking on Mortgage Solutions Television in association with BM Solutions, Rickards also noted that there was need for a more coherent and holistic policy for private renting, social renting and home building.

He said landlords were resilient, but it was becoming less profitable and much harder to manage.

“When you layer in the biggest change, which is the tax changes so landlords can no longer offset mortgage interest tax relief at the higher rate, being a landlord is a bit less attractive than it was historically,” he said.

“That said though, our own research consistently tells us that landlords are a hardy bunch.

“They are in it for the longer term, looking to supplement retirement income, so they are prepared to ride the storm, but I do worry about just how much more landlords can take,” he added.