What does a Hung Parliament mean for Landlords?
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by Property 118

2 months ago

What does a Hung Parliament mean for Landlords?

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What does a Hung Parliament mean for Landlords?

It is official the 2017 General election will be a Hung Parliament.

What Does this mean for Landlords?

With the two major parties both being Anti-Landlord could this be a Good thing?

Will any new minority Conservative or Coalition Government find it difficult to implement further new Anti-Landlord agendas?

What would potentially a Softer Brexit mean and possibly retaining some form of Freedom of movement?

We wait to see in the coming hours days and months, but what do readers think?

Property118 Poll Got It Right – AGAIN!

Below are the final results from our election Poll.

I believe this clearly demonstrates that landlords who read Property118 are representative of the whole of society, which is very different to the way media try to pigeon hole us.

Below are the actual election results

Comments

Mike D

2 months ago

It will be a 'weak' Brexit, unable to cut a good deal in EU and ham strung in UK with a Liberal intervention of poor vision and safe n easy.
Worst of all deals, 1/2 in EU, and 1/2 out of Trade and customs Union probably still paying for access, unable to do Global trade deals, and tied into a declining EU close to financial collapse (see Deutshe bank, Greek and Italian Bank debt, may even take France with it, and collapse Euro). Can't see it will end well. Deal maybe 3-4 yrs off, Economy will decline, and pound weakened, inflation will rise......its a nasty spiral with little upside as i see it, long term on that deal, a decline in living standards of 25% over next 20 yrs
That alone is chaos, let alone political intervention in PRS....possible recession within 2 yrs....All this is a 'string' of events, cause and effect, as they unfold, so what the complete outcome is is not easy to predict, but without the ability to negotiate a 'Hard' brexit in theory, you have a weak hand and know where to go....Bad

Dr Rosalind Beck

2 months ago

NIce to see Jane Ellison gone. Her letters to landlords have been an insult to our intelligence. A shame though to see the departure of Gavin Barwell - although a few of us wrote to him warning he should support landlords to keep his seat, it was a bluff on my part, because I think he was a positive influence - at least helping to move the Tories away from Cameron's and Osborne's obsession with first time buyers and neglect of renters. This was an important first step - but they only apply it to supporting Build To Rent and not the majority of private landlords. Our challenge is to get them to take it to the next step. Fingers crossed for a good new Housing Minister and Financial Secretary to the Treasury (or whatever Ellison's role was called).

On the whole the hung parliament/weakened Tory majority could be a bad thing for us, because the Tories may listen more to the other parties' negative anti-landlord agendas. On the other hand, they may be too busy with Brexit to give us another thought and lay off us for the time being, whilst also not being in any rush to reverse s24. Had Labour won though, they would have extended it and we would have lost the 20% they 'gift' us back (using their warped terminology).

The main thing is that as long as the Tories can form a Government and Labour is nowhere near exercising any real power, we might be able to breathe a sigh of relief for the time being. It could have been a lot worse.

BTW: listening to Corbyn, McDonnell, Thornberry et al, one would think Labour had won the election. Just saw Corbyn and Thornberry beaming - anyone would have thought they'd won. Uh - you didn't! Losers!

Wondering if there will be a new Labour Party soon? The MPs who pretended they could stand Corbyn just to get through the election should sort this out pronto. I could vote for a new Labour Party with sensible, centrist MPs.

Arnie Newington

2 months ago

Theresa May's "Red Tories strategy" relied on Jeremy Corbyn being unelectable to moderate Labour voters.

In fact Jeremy performed better than expected in the run up to the election and so May was unable to take these Labour voters.

For traditional Conservative voters, policies such as S24, the dementia tax and raising National Insurance on the Self Employed made it very difficult for them to vote Tory and May took them for granted.

Whilst prior to the election thousands turned out to see Corbyn speak on the banks of the Tyne. May was in a bowling club in Torquay and even the members there were unimpressed.

Having been on the wrong side of the Brexit vote May should never have been Prime Minister and the elections showed that she was not cut out for the top job.

She now has two choices she can muddle on getting things wrong/making U turns or she can stand aside and let Boris who won the Brexit vote and would have delivered a Tory landslide become Prime Minister.

michael fickling

2 months ago

We should take the hung parliament as a positive.... from the result.. May and her cronies have alienated a lot of traditional tory voters ( including hundreds of thousands of landlords )...they have had numerous u- turns and silly socialist populist type policies..eg...they promised no tax rises and actually invented a completely new one in a tax based on a cost ( Cl 24)..they tried to raise national ins. tax for self employed etc etc. and various other nonsense. Both May and towards his end..cameron.. made the major error of trying to focus more on gaining new supporters with socialist type policies. They failed in that and at the same time forced many of traditional tory voters to abandon them...We should encourage them to take due note and get back to supporting business..especially small enterprises including landlords. They needed a big slap for their arrogance and foolishness and theyve finally got one.
Maybe they will be now a little more inclined to listen to us and other investors and business people. May is no leader and her conceptual thinking around politics and the electorate has not been good since she moved to No10. .She has now made a number of major blunders with this election being the last and biggest. Hopefully the conservative party will perhaps now wake up and remember that they need to support business and investment with real policy not rhetoric and increased taxes and interference as they have been doing.. In the long term its a good result for us.

Luk Udav

2 months ago

Mark: why not open a new thread "General Election 12th October – Who on earth do landlords vote for?" and then copy all the posts from the 8th May (June) one over.
This morning I have 5 happy children and one mildly unhappy one (I see Leadsom got even more votes than Corbyn. Amazing that deferential working class Tories still exist, but this is the deepest countryside where forelock tugging is still de rigeur.)

Lindsey Sharratt

2 months ago

Reply to the comment left by "Luk Udav" at "09/06/2017 - 11:03":

Could you explain that last comment a little more, Luk? Are you assuming that working class people should not be Conservative voters, and those who are must be trying to maintain some sort of Dickensian status quo?

Dr Rosalind Beck

2 months ago

Jeremy Corbyn has said 'it is pretty clear who won the election.' Yes it is; the Conservatives. What planet is he on?

Gary Dully

2 months ago

Landlords have one question that needs answering.....

Are the DUP for or against private landlords?

They are solid Brexit (thank God).

It all hinges around them, as they will prop up Mays government and there is no way they will support Corbyn after his previous dealings with the IRA.

Nutty Nigel should have stood, but UKIP needs to rebrand to take away right leaning Labour voters.
The Tories won't get many favours from UKIP as they are already backtracking on Brexit.
Their vote went, in the main straight back to Labour.

The conservatives need to rebuild their grass roots like Labour have, they have no foot soilders like Momentum to mobilise.

Labour are now waiting for May to crash and burn into oblivion.

As for Boris, he's not going to win any leadership debates as he can't talk in a concise manner at the moment, he's not up to the job of being the leader of the UK,

I think David Davis would be a better choice.

Theresa May is just a dithering,insincere, u-turning idiot, just above Dianne Abbot in competence and strategy.

No wonder Corbyn played a blinder,

May totally cocked it up from start to finish.
Had a majority, but waffled about with it.
Backtracked on her chancellors budget.
Broke the point of the fixed parliament act
Wouldn't debate on the TV
Told everyone they would have to sell their house if they went a bit mental or needed hospital treatment.
Told all parents their kids free lunch was being taken away.
And said she was a natural leader and she obviously isn't.
Sacked 2 million police officers and border guards under Cameron.

What a bloody campaign that turned out to be.

One silver lining, Nick Clegg has been nudged out of Sheffield, which I am very pleased about, I only wish Tim Farrow had lost his deposit.

Dr Rosalind Beck

2 months ago

Sarah Davidson at thisismoney has been reading our comments and quoted some of my comments in an article just published:

http://www.thisismoney.co.uk/money/buytolet/article-4587704/What-does-hung-parliament-mean-buy-let.html

Maxim Ise

2 months ago

Can't resist suggesting this.

If May and BoJo are unacceptable...

...let them give the job to Nigel Farage.

Afre all, he is the best political orator that we've had in a long while and he certainly knows what's what when it comes to kicking Federal Europe into the long grass where it belongs and one hopes is far more realistic about the realities of the housing market.

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