Lettings director hails Osborne’s work on PRS
By |Published On: 21st January 2016|

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Lettings director hails Osborne’s work on PRS

By |Published On: 21st January 2016|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

A lettings director of a leading firm has hailed the Chancellor’s work on the private rental sector.

Marc von Grundherr, director of Benham & Reeves Residential Lettings, believes George Osborne has done more for the rental market in Britain than any other chancellor in history.


Mr von Grundherr said, ‘thanks to the changes in stamp duty rates, he has made renting long term a more attractive option for many tenants. Couple that with the fact that many overseas tenants can write their rent off against tax but must pay capital gains on any property they own and renting becomes a no brainer.’[1]

Lettings director hails Osborne's work on PRS

Lettings director hails Osborne’s work on PRS

He said that his company are, ‘advising landlords who are already in the market to hang onto the properties and not be tempted to sell ahead of changes to wear and tear allowance and mortgage relief.’[1]

Continuing, von Grundherr noted that, ‘many nervous investors will leave the market and when they do, supply will be limited even further. The rent increases that will inevitably result will more than mitigate landlords’ extras costs.’[1]

[1] https://www.lettingagenttoday.co.uk/breaking-news/2016/1/rent-rises-will-outstrip-buy-to-let-tax-rises-predicts-agency-chief


About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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