Nationwide Building Society has advised the Prime Minister, Gordon Brown, not too meddle to much with the buy-to-let sector and the proposal of removing tax benefits for landlords should not go ahead.
Nationwide warn that if this happens, it could see a slowdown of the property market. If something happens to the buy-to-let sector and we see an influx of homes on the market, it would destabilise the rest of the housing market.
Our view
This is about revenue and stabilising property markets. With one move, Government may increase revenue and take the sting out of housing. It is a certainty that Government will look at increasing revenue from this area.