More landlords have and will exit due to legislation changes to the private rented sector and tax changes previously implemented by George Osborne.
FTA: What will be the impact on the rental sector?
DG: Minimal impact, but potentially less stock available for let.
FTA: What might the Autumn Statement mean for mortgage rates?
DG: The changes are needed and I think they’ve been made in the best places, without having too much impact on the average person.
We’ve had nearly a week to digest the changes and so far – the market is still showing great confidence. Swap rates and fixed rates are still reducing, albeit slowly – it is moving in the right direction. Variables may still go up in the short term.
FTA: What other issues would you have liked the chancellor to address?
DG: None – too much change brings uncertainty, which can impact the market negatively.
FTA: What should the government be watching closely when it comes to mortgages and housing between now and the next Budget?
DG: Ensuring rates continue to reduce and are then maintained at a sustainable level, by controlling the economy and ensuring stability.
FTA: What do you want to see in the next Budget?
DG: To further address the cost of living and energy crisis.
carmen.reichman@ft.com
