The RLA exists to campaign and lobby on behalf of our members, and we are fighting for a fair deal for the nation’s residential landlords.
Changes to Mortgage Interest Relief
We are currently fighting against incoming changes to Mortgage Interest Relief (MIR). From April 2017, a 4 year phase in will commence and you will no longer be able to deduct mortgage interest relief when calculating your rental profits. Our most recent research has identified that 67% of landlords will experienced reduced profitability because of these changes, and on average a reduction in profitability of 34%. Listen to our Policy Manager, John Stewart discuss what the changes to Mortgage Interest Relief mean to you in the video below:
We have been fighting in the corridors of Westminster and lobbying MPs since the changes were announced. We now need your help with our campaign before the Spring Budget, see our 7 policy wishlist in our submission here. We are urging all of our members to contact and visit their MP over these changes. We are not alone in this call, Lord Flight and James Gray MP both have urged RLA members to meet their MPs:
We have created an easy-to-use system that sends an email directly to your MP on your behalf about these changes, just click on the button below and be taken to our tax email. We really need MPs to understand the impact on landlords and tenants, so talk to them and help them understand the grave mistake of changes to MIR. Please don’t leave it to others to meet your MP, as they may be leaving it to you!
RLA Support for Members
We have produced a raft of guidance to help landlords overcome the potential impact of these changes: