Although there was no property tax 'bomb shell' in this year's Budget, buried deep in the small print were some proposed changes to short term tenancy agreements.

Communities Secretary Eric Pickles has pledged to get rid of laws dating back to the 70s designed to prevent Londoners from renting out their homes on a short-term basis.

Eric Pickles, the Communities Secretary, has set about revolutionising the lettings industry by making longer tenancies the norm, although Savills has come out to argue that there's just no need for more…