Landlords who voted Labour regret doing so – survey

Landlords who voted Labour regret doing so – survey

0:06 AM, 12th December 2024, About 2 hours ago

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In a severe case of buyer’s remorse, Labour-voting landlords are expressing deep regret over their political choice, according to a survey.

Buy to let lender Landbay found that 80% of these landlords now admit they would not vote Labour again.

They point to the Chancellor Rachel Reeve’s decision to increase Stamp Duty on investment properties as a major factor.

Also, most private landlords are also not pleased to be tarred with the same brush as ‘rogue landlords’.

Good landlords outweigh the bad

Landbay’s sales and distribution director, Rob Stanton, said: “Good landlords far outweigh the bad and the rental market is remarkably robust and thriving.

“What the buy to let sector really needs now is a confidence boost.

“With encouragement and support, the sector can continue to play an important role in helping solve the housing crisis.”

Reconsidering their political allegiance

While 19% of landlords reported voting Labour, a 7% increase from the previous survey, it’s clear that many are reconsidering their political allegiance.

Landlord dissatisfaction with the government’s housing market policies is widespread, with 63% expressing disappointment.

One landlord questioned the government’s approach, asking: “Where is the incentive to invest? Who will take up the displaced tenants when private landlords, most of whom only have two or three properties, dispose of their properties?”

Another landlord expressed frustration, saying: “I shan’t stop buying properties, but how and what kind remains to be seen.”

A third landlord echoed this sentiment, claiming: “It feels like typical landlord bashing from a Labour Government.”


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