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TODAY'S OTHER NEWS

Industry group says knee-jerk Brexit reaction could hurt buy to let sector

The National Landlords’ Association is warning that knee-jerk reactions to the Brexit vote could damage the buy to let sector. 

Chief executive Richard Lambert says: “Let’s just everyone, take a long, deep, calm breath. Leaving the EU is completely unknown territory, and jumping to conclusions isn’t going to help anyone.

“We welcome the Mark Carney’s steadying words and his reassurance that the Bank of England and the Treasury have extensive contingency plans in place to ensure the country’s financial stability. 

“Any knee-jerk reaction will have a real impact on our members’ mortgages, tenants’ rents and overall confidence in the market. So we would urge the policy as regards to interest rates should be, to continue the Prime Minister’s analogy, one of steady as she goes.” 

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