Landlords have called on the Chancellor to use up to £1.5 billion from the levelling-up budget to stop tenants being forced out by soaring rents.
Writing to Kwasi Kwarteng, the National Residential Landlord Association (NRLA) warned landlords were facing ever growing costs because of rising interest rates on mortgages. At the same time, tenants are struggling to pay rent as their savings are chipped away by inflation, allied to soaring food and energy bills.
The group said its cost-of-living package, which includes dropping stamp duty for rented homes, could be funded by a reported £1.5 billion underspend in budgets at the Department for Levelling Up, Housing and Communities.
