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Landlords accused of 'downright extortion'

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Parents who want to give their children a helping hand in the form of cash to beat the tough new mortgage deposit rules have been warned  they are in danger of storing up a massive tax liability for their children when they are gone.

Parents who want to give their children a helping hand in the form of cash to beat the tough new mortgage deposit rules have been warned they are in danger of storing up a massive tax liability for their children when they are gone.

Parents who want to give their children a helping hand in the form of cash to beat the tough new mortgage deposit rules have been warned they are in danger of storing up a massive tax liability for their children when they are gone.

A leading housing charity has accused landlords of "downright extortion" for hitting tenants with massive rent hikes.

Senator Aideen Hayden, chairperson of Threshold, made the comments at the Generation Rent conference in Dublin.

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The conference heard of the problems in the rental market from various stakeholders including homeless charities and academics, as well as Environment Minister Alan Kelly.

Ms Hayden said "rent certainty" needed to be brought to the market immediately to protect renters and said rent hikes of 50pc were forcing families into homelessness.

She said it was "downright extortion" when landlords hit renters with hikes in cases where the house has been paid off and the owner is not dependent on the money to pay a mortgage.

She said that landlords would also benefit from some rent certainty.

Irish Independent