"Shares in buy-to-let lenders fell when the London Stock Exchange opened on Tuesday. Stock in OSB Group, one of the UK's biggest buy-to-let mortgage providers, was down 3.6% at 510p as investors worried the rent freeze would hurt the FTSE 250 company behind the lenders Kent Reliance and Precise Mortgages."
"The rent freeze would be the latest in a line of restrictive measures imposed on private landlords by successive governments since 2015 in a bid to crack down on the once booming buy-to-let sector."
"The new law aims to give renters more security by banning no-fault evictions, limiting rent rises to once a year and only up to the market rate, and stopping landlords from accepting an offer over asking price."
Shares in major UK buy-to-let lenders like Paragon and One Savings Bank declined following news of a possible one-year rent freeze for private landlords. This proposal aims to alleviate financial pressures on households amid rising living costs linked to the Iran war. The stock of OSB Group dropped 3.6%, while Paragon Banking Group fell 2.4%. The Treasury refrained from commenting on the speculation, although the education secretary clarified that a rent freeze is not actively being considered. The Renters' Rights Act will soon introduce significant changes to the rental sector.
Read at www.theguardian.com
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