A more pragmatic and easier-to-process solution would be a refund on the stamp duty levy for additional properties, where a landlord is prepared to sell a property to a sitting tenant.
This could apply also to situations where landlords are prepared to sell a property to another landlord with tenants in situ, thereby ensuring tenants are not forced to leave a property when sales occur, as many agents encourage.
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The chancellor has an enormous task on his hands, to strike a deal for the private rented sector that works for tenants and the good landlords the country needs. A long-term, sustainable settlement is there to be reached. It is now time to deliver.
David Smith is policy director of the Residential Landlords Association
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