Buy-to-let market braced as Corbyn pledges rent controls

“We have got landlords who would have liked to buy more properties who are never going to do that now. We have got stress rates and margins that have been made vastly worse in most cases.”

He added that if Labour did bring in the policy, it would have to relax some of the current stamp duty rules and affordability tests that have recently hit the buy-to-let sector.

Mr Richards also said a rent control policy would restrict the amount that landlords could reinvest in properties to ensure they were maintained to an appropriate standard.