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Tenants could be facing higher rents during 2026, Nationwide has warned, as new taxes unveiled in the Autumn Budget could further constrain the supply of new properties that are available to let.

Mortgage brokers and property lawyers have said landlords are at breaking point and that tenants will ultimately foot the bill of reduced supply as greater competition for the properties that remain leads to higher rents.

In its November house price index published this morning , Robert Gardner, Nationwide Chief Economist, said: “The increase in taxes on income from properties may dampen the supply of new rental properties coming onto the market.

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"Rental supply has been constrained for some time, w

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