Boris Johnson is a man without a plan to boost BTL activity levels, poll finds

Boris Johnson is a man without a plan to boost BTL activity levels, poll finds


Todays other news
The move from the Bank of England to cut base...
To achieve government’s EPC targets by 2035, landlords across the...
Britons’ ideas of a classic home are changing as a...
A leading local authority when it comes to landlord fines...
City of Wolverhampton Council has unveiled plans to outsource its...


The majority of landlords in the UK’s private rented sector do not believe that new Prime Minister Boris Johnson has a plan to boost the supply of homes to let by stimulating investment in the buy-to-let market, a new poll shows.

The survey from Landlord Today found that seven out of 10 landlords believe that the new Prime Minister has no plan to reverse punitive tax policies in order to encourage more people to invest in buy-to-let and as a result increase much needed housing supply in the private rental sector.

Almost 300 readers have taken part in the poll, which was launched 48 hours ago, with 71% stating that they believe Johnson has no plan to help ‘reinvigorate the buy-to-let market’.

Most landlords were hoping that Johnson would address recent punitive taxation changes which have had an adverse affect.

Draconian tax changes applying to buy-to-let investors have left a number of private landlords with little alternative but to evict tenants and sell properties en masse or simply increase rents for tenants.

There is plenty of evidence to suggest that some landlords have not been able to cope with punitive tax hikes introduced by former Chancellor George Osborne, including the phasing out of mortgage interest relief.

Many private landlords have also had to endure the scrapping of the ‘wear and tear’ allowance for furnished properties, the launch of the 3% stamp duty surcharge, as well as the introduction of stress tests for buy-to-let mortgages.

A separate poll from Landlord Today found that 75% of readers do not expect the new chancellor, Sajid Javid, to address and potentially reverse recent tax changes that have adversely affected private landlords, as the main political parties continue to chase for generation rent votes. 

 

Share this article ...

Recommended for you
Related Articles
A landlord who persistently failed to license several rented properties...
The government has released more information on its new Renters...
A Landon council has helped prosecute two rogue landlords renting...
Recommended for you
Latest Features
The move from the Bank of England to cut base...
To achieve government’s EPC targets by 2035, landlords across the...
Britons’ ideas of a classic home are changing as a...
Sponsored Content
Landlords, if you haven't heard of it until now, it's...
As a seasoned landlord, you've likely witnessed the UK property...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here