UK landlords have power to influence the election result

 

UK landlords in over 120 constituencies could have the deciding vote in next week’s general election, based on data from HMRC and published by The Times newspaper.

The newly released figures are taken from the number of landlords in 124 constituencies who received taxable income from buy-to-let properties in the 2017-2018 tax year.

The analysis confirms that in these constituencies, incumbent MPs could be at risk given the number of landlords is equal or higher than their majorities.

Policy director at the Residential Landlords Association, David Smith, said: “Private landlords could be decisive in who ends up in Downing Street following the election.”

Which Tory seats are in danger?

A total of 55 are constituencies with Conservative MPs. It is possible that landlords aggrieved at consecutive Tory governments hitting them with higher taxes and drastically reduced tax reliefs for those paying mortgage interest or claiming wear and tear, may choose to exercise their views at the ballot box.

High profile names are among the 55 Conservative seats, which include former party leader Iain Duncan Smith in Chingford, Environment Secretary Theresa Villiers representing Chipping Barnet, and Justice Secretary Robert Buckland in South Swindon.

In 2017, Labour held 39 of the seats named in this latest report, including the party’s most marginal seat in Kensington, along with Shadow Transport Secretary Andy McDonald’s seat in Middlesbrough, and Lesley Laird, the Shadow Scottish Secretary’s seat in Kirkcaldy and Cowdenbeath.

Among the seven seats won by the Liberal Democrats in 2017 in which the landlord vote could be decisive are the seats of Westmorland and Lonsdale, held by the party’s former leader Tim Farron, and Kingston and Surbiton, won at the last election by the party’s Deputy Leader, Ed Davey.

All parties should support good landlords

HMRC’s data analysis reveals that of those constituencies in which the landlord vote is the same as or larger than the majorities won in 2017, 14 are in London, 12 are in the south-east, 11 are in the East Midlands, 11 are in the north-west, 10 are in Yorkshire and The Humber, nine are in the south-west, eight in the east of England, six are in the West Midlands and the north-east has three.

Landlords could decide the final results across nine seats in Wales, 25 in Scotland and six in Northern Ireland.

David Smith commented: “All parties need to do more to enforce the wide range of powers already available to root out criminal landlords rather than introduce new obligations which have no hope of being properly enforced by hard pressed councils.”

“For those unable to afford a home of their own or unable to access social housing the rental market is their only hope of having somewhere to live. With that in mind, we call on all political parties to do more to support good landlords to provide the homes to rent we need.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Downing Street

UK landlords have power to influence the election result

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.