The Conservative Party has lost the support of a significant proportion of landlords, with as few as 15.8 per cent considering voting for the party in an election, according to a new poll by the National Landlords Association (NLA).
One of the leading causes of the party’s loss of support stems from the Government’s housing policies over the past few years. Mortgage tax relief is in the process of being phased out, while the Government also proposed the scrappage of Section 21 eviction notices.
A number of organisations, including the NLA, have criticised the Government’s approach to housing policy in recent weeks. The Residential Landlord Association (RLA) also launched a survey to ask landlords about their views on proposals to scrap Section 21.
Section 21 plans in focus
Richard Lambert, CEO of the NLA, said: “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 NLA claimed that, out of the landlords they surveyed, as many as 69 per cent said they voted Conservative in the 2017 general election, but only 25 per cent would do so if an election was called today.
As many as 85 per cent of those polled indicated that they would vote for any party that was willing to cancel the proposed scrapping of Section 21, with 89 per cent saying they wouldn’t support a party that proposed rent controls, according to the NLA.
Additional changes concern landlords
As well as the Government eliminating Section 21 eviction notices, landlords faced higher tax burdens as a result of the phasing out of mortgage tax relief, with Stamp Duty taxes also rising.
Mr Lambert added: “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.”