Conservative MP Kevin Hollinrake MP has called for mortgage interest relief adjustments to be offered to landlords who offer longer tenancies.
The suggestion was made during a debate on temporary accommodation held in Parliament yesterday.
Mr Hollinrake said that longer tenancies should be voluntary for landlords, but there should be incentives.
He said: “I wonder whether one such incentive could be to allow some dispensation around the section 24 mortgage interest provisions that have been introduced, because they have been received quite badly by many landlords.
“If landlords are willing to offer longer tenancies, perhaps there should be some dispensation around how we treat mortgage interest in the private rented sector.”
The RLA has called for tax incentives to encourage landlords to offer longer tenancies – which can be risky for them – in its budget submission.
However it has also called on the government to scrap the changes to mortgage interest relief altogether.
Read the RLA’s budget submission in full here.