Osborne is right to target buy-to-let: it only makes Britain’s housing woes worse

Tax relief on buy-to-let rental income has skewed the housing market, says Bengt Saelensminde. George Osborne was right to tackle it in his summer Budget.

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Some air has to be taken out of the buy-to-let balloon

Many buy-to-let landlords have been left spitting feathers in the wake of George Osborne's changes to mortgage interest relief on rental income. A typical response goes something like this: "I'm running a business here. Interest payments are bills the same as any other... be it the agency fees, or boiler repairs... why can't I fully offset my interest fees in the same way any other business does?"

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.