More than three quarters of housebuilders would like to see the government reconsider its buy-to-let tax policies as part of a wider effort to help address the growing housing crisis in this country.
According to a fresh study by specialist short-term lender Amicus Property Finance, 78% want the government to scrap the 3% stamp duty surcharge on second homes, including buy-to-let properties, and reinstate 100% mortgage tax relief reductions.
Residential property developers are concerned that unless the government rethinks its strategy, significantly fewer people will invest in the buy-to-let sector, thus reducing demand for new build properties and long-term supply of much needed private rented homes.
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