Shares in buy-to-let mortgage lenders fall after report Reeves plans rent freeze
Summary
UK Chancellor Rachel Reeves is reportedly considering a one-year rent freeze for private landlords in England to help households facing higher living costs linked to the Iran war. As news of the possible rent freeze emerged, shares in major UK buy-to-let mortgage lenders, including Paragon and One Savings Bank, dropped on the stock market.Key Facts
- Shares of big UK buy-to-let mortgage lenders fell after reports of a possible rent freeze.
- The proposed rent freeze would stop landlords from raising rents for one year.
- The move aims to protect families from rising living costs related to the conflict in the Middle East.
- Buy-to-let lenders like OSB Group and Paragon saw share price drops of around 2.4% to 3.6%.
- The UK Treasury did not comment on the proposal, calling it speculation.
- The education secretary said a rent freeze is not currently being actively considered.
- The Renters’ Rights Act will soon limit evictions and rent increases to protect renters.
- Experts warn that rent controls could hurt investment and worsen housing supply shortages.
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