The National Landlords Association (NLA) has launched an e-postcard campaign to lobby Government over the proposed removal of mortgage interest relief, ahead of the Autumn Statement later this month.
The NLA wants landlords to send one of two e-postcards to the Chancellor and the Treasury to campaign against the changes which it dubs a “Tenant Tax. They can be downloaded via its website RethinkTenantTax.org.
The campaign is timed to run in the weeks leading up to Chancellor Phillip Hammond’s first Autumn Statement, due on 23 November.
NLA chief executive Richard Lambert says: “Despite more than a year’s worth of campaigning, the Treasury still won’t accept the disastrous impact that Section 24 will have on landlords and their tenants. It seems that all our words and figures haven’t got through to them, so we’ve decided to make it as clear as possible – by drawing them a picture.
“With the Autumn Statement just around the corner, this provides the perfect opportunity for landlords to make their voices heard, and to relay the message that the proposed tax changes will only make housing problems in the UK worse.
“This policy will push 44 per cent of basic rate tax-paying landlords into a higher bracket, forcing them to either sell up and end perfectly happy tenancies, or increase rents. We want the Government to minimise the impact by applying the rules only to landlords who take out new buy-to-let loans from April 2017”.