Landlords in the private rental sector can expect "to shoulder the burden of the UK's housing shortage", according to the Association of Residential Letting Agents (ARLA).

Ian Potter, operations manager of the association claimed the chancellor's pre-budget report failed to deliver "any initiatives that will make any real difference".

Alistair Darling extended the Support for Mortgage Interest scheme, which he reported to have helped over 220,000 people who had lost their jobs.

He added that the UK housing market is stabilising alongside that of the US.

But Mr Potter said that the chancellor's report lacked specific measures which would ensure high-quality housing for people in need.

Some 240,000 homebuyers have been helped by the stamp duty holiday, the chancellor noted.

Due to finish at the end of December, the scheme was not extended.

Mr Potter stated this will unfairly penalise those who invest in buy-to-let portfolios, who will have to pay stamp duty on the bulk price.

Investors of individual buy-to-let properties will pay a lower price - which those paying more will see as a disincentive, he noted.

Written by Mark GarnerADNFCR-2002-ID-19506295-ADNFCR

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