A new survey from Landbay found that 80% of landlords who voted Labour wouldn’t do so again if they had known about the Chancellor’s planned increase in Stamp Duty on second homes and investment properties.
19% of landlords reported voting Labour, a rise from 12% in the previous spring survey.
However, 63% of landlords expressed dissatisfaction with the Government’s housing market policies.
A landlord said: “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 said: “I shan’t stop buying properties, but how and what remains to be seen.”
A further landlord added: “It feels like typical landlord bashing from a Labour Government.”
The survey highlighted that many landlords feel unfairly grouped with ‘rogue landlords’.
Rob Stanton, sales and distribution director at Landbay, said: “Good landlords far outweigh the bad and the rental market is remarkably robust and thriving.
“Demand continues to outstrip supply with many tenants ready and willing to rent across the country.
“As long as house prices are high, affordability will remain a real challenge for residential buyers.”
Stanton added: “At Landbay, we are finding that, while some disaffected landlords are sitting on their hands, others are exploring investment opportunities across the country.
“There is always a place for decent, sensibly priced rental properties. 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.
“As a buy-to-let lender we remain committed to doing our bit to help, innovating to meet the needs of landlords.”
