Richard Jones, policy adviser at the Residential Landlords Association, said: “Unless they make funding available, landlords will be forced to pass these costs on to tenants in the form of higher rents. It could also make being a buy-to-let landlord prohibitive. They could struggle to find such a large amount of money upfront.
“Landlords have been harshly treated. This is an extra stealth tax on top of all the other measures that threaten the finances of the sector.”
The concept of the ‘market clearing price’ hasn’t penetrated to the rent seeking sector then.