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Most labour-voting landlords now regret their decision

labour voting

Most landlords who voted Labour wouldn’t do it again, a new survey from buy-to-lender Landbay has found.

Its poll reveals that if they had known the Chancellor would increase stamp duty on second homes and investment properties, 80% of those who voted Labour wouldn’t vote the same way again.

Landbay found that 19% of landlords voted Labour, a 7% rise on the 12% who said they had intended to vote Labour in its last survey in the spring before the election. Meanwhile, 63% of all landlords said they were unimpressed with the government’s housing policies so far.

One landlord told Landbay: “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 added: “It feels like typical landlord bashing from a Labour government.”

Landbay reports that many landlords feel they are being tarred with the same brush as rogue landlords.

Disaffected

“We are finding that, while some disaffected landlords are sitting on their hands, others are exploring investment opportunities across the country,” says Rob Stanton (pictured) sales and distribution director. “There is always a place for decent, sensibly priced rental properties.”

He adds: “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.”

Last month, the company announced rate reductions across its fixed rate product range, with rates falling by as much as 0.20%.

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