Buy-to-let landlords are overwhelmingly unimpressed by the major parties’ manifestos.
This is according to a new survey from Simply Business, which found that 63 per cent of landlords said that none of the manifestos were positive for them.
Just 17 per cent welcomed the Conservative manifesto, while the Labour document lagged behind with 13 per cent. Only four per cent of respondents said the Liberal Democrat manifesto would be positive for them if enacted.
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The news comes after a tough couple of years for landlords, with a number of unfavourable buy-to-let changes having been introduced. It’s unsurprising, then, that landlords are unimpressed with what each party is offering, give none have promised to reverse any of these decisions.
The Conservative manifesto reiterated their commitment to delivering a million homes by the end of 2020, and half a million more by the end of 2022. They also set out a range of measures by which they want to modernise the house-building industry.
But the Tories also say they want to increase protections for renters, for example by encouraging landlords to offer longer tenancies.
Labour want to make three year tenancies the norm, offering more security for renters. They would also give tenants rights closer to those enjoyed by consumers.
The Labour manifesto also includes a pledge to introduce a minimum standard for rental properties, which must be ‘fit for human habitation’.
Legislative landscape changes
With the election looming, landlords have been buffeted in recent months by a range of legislative changes affecting the private rented sector.
The most important of these is a change to the regime governing mortgage interest tax relief. The change has driven many landlords to set up limited company structures, but some commentators have warned that the new system could cause a general slowdown in the rental sector.
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