Mum-and-dad landlords struggle as higher rates and regulations bite

About half of NZ's fixed-rate home loans are due to reprice in the next 12 months. (Image: Bloomberg)

Thu, 18 May 2023

Buying a rental house has long been a popular way for regular people to build wealth. But for landlords in two countries on opposite sides of the globe, the math isn’t working anymore.With higher borrowing costs cooling real estate markets globally, a change in government policy is an added burden for mom-and-pop landlords in the UK and New Zealand. Both countries, seeking to help first-time buyers afford properties, have curtailed a tax break that allowed mortgage interest to be deducted from ...

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