Landlords Divided on Political Allegiances as General Election Nears

As the general election on 4th July approaches, a significant portion of landlords remain undecided about their vote, with over 40% still uncertain about which party to support. A recent poll by specialist lender Landbay, surveying 1,500 landlords, highlights the political indecision and concerns within the landlord community.

Political Divisions and Indecision

The poll revealed that 41% of landlords are unsure which party to support in the upcoming election. Among those who have made a decision, nearly a third (31%) intend to vote Conservative, 12% lean towards Labour, 5% favor the Liberal Democrats, and 10% are considering other parties.

The undecided group is notably composed of landlords with varied portfolio sizes. The largest group among the undecided are those with four to ten properties, making up 35%, followed by landlords with 20 or more properties, constituting a quarter of the undecided. Additionally, a significant 69% of the undecided landlords operate within a limited company structure.

Concerns Over Potential Labour Government

Nearly half of the landlords surveyed (48%) expressed anxiety about a potential Labour government. Many landlords perceive Labour as “anti-landlord” and worry about the uncertainties that a change in government might bring. One landlord remarked, “With a lack of affordable housing, we are the scapegoats. They have increased our tax and compliance burden. The Left is making it worse.”

The policies of the two main parties appear closely aligned to many landlords, adding to their apprehension. Several respondents indicated that their vote would go to the party that promises to reduce the heavy tax burden they currently face.

Opportunity for Political Engagement

Rob Stanton, Sales and Distribution Director at Landbay, emphasized the opportunity for political parties to engage with landlords and address their concerns. “With a large proportion of landlords still undecided, our findings show a huge opportunity for all parties to engage with landlords, address their concerns, and give them a reason to vote for their party,” he said. “Given that much of recent politics from all sides has been anti-landlord, this would be a welcome change.”

The Need for Clear Policies

The indecision among landlords underscores the need for clear and supportive policies from political parties. Addressing landlords’ concerns and providing concrete plans to reduce tax and compliance burdens could significantly influence their voting decisions. As a substantial portion of the landlord community remains undecided, their votes could play a crucial role in the election results.

Political parties have a significant opportunity to sway this influential voting bloc by addressing their key issues. Clear, supportive policies that reduce the tax burden and compliance challenges faced by landlords could not only secure their votes but also foster a more favorable environment for the rental market.

Conclusion

As the election date approaches, the political landscape remains uncertain for many landlords. With over 40% of landlords undecided on their vote and nearly half expressing concerns over a potential Labour government, political parties have a crucial opportunity to engage with this demographic. By addressing landlords’ concerns and offering clear, supportive policies, parties can potentially secure the votes of this influential group, which could be pivotal in determining the election outcome

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