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Landlords’ vote of no confidence in Government’s approach to housing

by Mark Fitt Political Journalist
22nd Sep 22 6:47 pm

There’s a lot of housing market speculation ahead of tomorrow’s mini-budget, and landlords, in particular, are going to be keen to hear what it will include.

A recent SpareRoom poll revealed that 94% of landlords have no confidence in the current government’s approach to housing, with 36% of respondents saying they plan to reduce their portfolio this year and a further 16% planning to leave the rental market entirely in 2022.

With demand from tenants currently at an all-time high and supply at a 9-year low, the impact on the market of more landlords leaving could be huge.

So, what are landlords hoping to hear from the government tomorrow? SpareRoom surveyed over 700 Landlords/agents and asked what they believe will mostly likely help the rental market. Here’s what they said.

  •       Reverse the changes to buy to let mortgage interest tax relief – 72%
  •       Scrap the 3% stamp duty surcharge for landlords – 66%
  •     Scrap the Renters Reform Bill – 56%
  •     Better enforcement on criminal landlords – 45%
  •     Build more houses – 43%
  •     Make the rogue landlord database public – 42%
  •     Introduction of a national landlord register – 22%
  •     Freeze rents – 4%

A separate SpareRoom poll reveals that the government has almost entirely lost the confidence of tenants too, with 95% saying they have no confidence in the government’s approach to housing.

SpareRoom director Matt Hutchinson said, “The UK is currently in the grip of a rental crisis. Demand for rooms is at an all-time high, while supply has dropped to a 9-year low. That’s making life incredibly hard for tenants trying to find a place to live.

“Government’s plan to squeeze smaller buy to let landlords out of the market seems to be working, but there doesn’t seem to be a plan to replace them with an alternative.

“Unless something changes, we’re looking at a very bleak period for the rental market. If it’s not working for landlords and it’s not working for tenants, the question has to be, who is it working for?”

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