Rachel Reeves’s new landlord tax will cause the rental market to “dry up” and push record-high rents even higher, a leading figure in the property market has said.
In a stark warning to the chancellor, Simon Gammon, the founder and managing director of mortgage brokers Knight Frank Finance, said her Budget decision to hike tax on landlords’ rental income by 2 per cent will be the “last straw” for many, forcing them to sell up.
