Property News. From Moving In.

Tories haemorrhage support after frequent attacks on buy to let

Only one in six private landlords say they would support the Conservatives in an election according to a new poll.

Buy to let investors were once considered ‘safe’ Tory voters but the survey conducted by the National Landlords Association shows only 15.75 per cent of private landlords say they back the party. 

This polling, conducted shortly after the once strongly pro-business party announced its intention to abolish the no fault Section 21 possession process and end fixed-term tenancies, found that more than two thirds of the landlords responding had voted Conservative in 2017. 

However, of those, only 25 per cent said they would do so again were an election called today.

Meanwhile, 85 per cent of landlords stated they would be likely to vote against any party proposing to remove Section 21; and 89 per cent would vote against any party proposing rent control.

“It’s hardly surprising that landlords are losing faith in the Conservatives given the way their government has overturned the economic, and now legislative, foundations of the private rented sector since 2015. The Tories’ attitude seems to be ‘Well, who else are landlords going to vote for?’ The response is coming back loud and clear, Not you’” explains Richard Lambert, chief executive of the NLA.

“The Conservatives’ mantra that they are the party for business has a hollow echo to the 2m-plus landlords in the UK who see the party and its government refusing to recognise them as having legitimate business interests” he continues.

“Our members have told us that removing Section 21 would be devastating and costly for their businesses. Conservative ministers need to take the time to understand what’s actually happening in the private rented sector or it may end up costing them dearly.”

The survey involved responses from 1,700 NLA members.

https://www.lettingagenttoday.co.uk/breaking-news/2019/5/tories-lose-support-after-frequent-attacks-on-buy-to-let

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Original Source: Letting Agent Today.

Original Author: Graham Norwood.

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