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No Love for Labour from Landlords and Agents

March 24, 2015 | Landlord News  

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An ARLA survey of their members reveals that letting agents are strongly against Labour’s proposals for the introduction of three-year tenancies with rent controls and rules which would make evicting tenants more difficult.

70% of ARLA agents think that landlords would pull out of the market if these measures are delivered, which would result in a decrease in the supply of rental property. 46% said that three-year tenancies would reduce their flexibility over the duration of tenancy agreements. 69% of agents believe the proposal will be of no benefit to tenants.

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Regarding house building, 37% of agents favoured the Tory pledge to build 200,000 new starter homes, while 11% preferred Labour’s pledge to increase house building rates to 200,000 a year  by 2020. A large proportion (35%) think neither policy is what’s best for the private rented sector.

Landlords feel much the same way about Labour housing policy, a survey from Rentify revealed. The survey found that out of 1,200 British landlords of all ages and locations, Labour had the support of just 19%, just two points ahead of Ukip, while 45% are planning to vote Conservative.

The survey results suggest that landlords that had previously voted Labour or Lib Dem are jumping almost exclusively over to Ukip instead of the Tories. 

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