Keir Starmer promises clampdown on BTL landlords

Keir Starmer promises clampdown on BTL landlords

16:26 PM, 27th September 2022, About 2 years ago 61

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The leader of the Labour Party, Sir Keir Starmer, says his government will clamp down on buy to let landlords if his party takes power.

In his speech to the party conference in Liverpool, Sir Keir said he would promote home ownership – and stop buy to let landlords and second homeowners ‘getting in first’.

A Labour government would also offer ‘real’ first-time buyers a mortgage guarantee scheme.

Promises to clampdown on BTL landlords

The relevant part of Sir Keir’s one-hour speech that promises to clampdown on BTL landlords is below:

“I’ve seen home ownership rise almost my entire life – it’s the bedrock of security and aspiration. That pebble-dashed semi meant everything to my family. But now, under the Tories, the dream of owning your own home is slipping away for too many.

“And that’s a political choice. Because if you keep inflating demand without increasing supply house prices will only rise. And homes become less affordable for working people.

“So, we will set a new target – 70% home ownership and we will meet it with a new set of political choices. A Labour set of political choices.

“No more buy-to-let landlords or second homeowners getting in first. We will back working people’s aspiration. Help real first-time buyers onto the ladder with a new mortgage guarantee scheme. Reform planning so speculators can’t stop communities getting shovels in the ground.”

Legislation to prevent landlords from buying properties?

While there’s not a lot of detail in Sir Keir’s speech, there’s no indication on how legislation can be drafted and then passed to prevent landlords from buying properties – or would Labour opt for a fiscal solution that would make it impossible for landlords to buy homes to rent out?

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Kris with a T

19:51 PM, 28th September 2022, About 2 years ago

I really cant believe that social landlords like me, and many others, have small portfolios and are doing a service to local communities at affordable rents.
I've have my rents based on personal circumstances. Mostly those on benefits and/or UC. with tenant's escaping from DV and homelessness.
And I do it from a moralistic point of view..
It's time Social landlords who support its community get a break, even acknowledgement by tax incentives..
I know one thing, homeless register is only to get larger and LA'S do not have the capacity to rehouse.

James Wolf

20:43 PM, 28th September 2022, About 2 years ago

I want to rent not buy. It's more flexible if I need to move locations for jobs. It's impossible to find places to rent. Properties being sold everywhere.


21:51 PM, 28th September 2022, About 2 years ago

There are two markets in the Channel Islands - perhaps he means something like that?

David Webb

22:40 PM, 28th September 2022, About 2 years ago

Omg where are people who cannot afford to buy a house supposed to live?? We need btl landlords and they must be encouraged by reintroducing tax relief on interest only mortgages. Why are these guys not getting it???

Dylan Davies

22:44 PM, 28th September 2022, About 2 years ago

Spoken to my friends in BTL (South Wales) and all are saying the same thing.Drakeford is giving the onus to the tennants.The BTL owners are helping the local authorities for their housing shortage.
The problem is if my tennamt decides not to pay it takes 3 to 5 months to get them out.These people are claiming housing benefit, asked when is the council taking them to court for fraud?
We don't do that. WHAT THE F-CK
Had 10 BTLs cutting down now.

Kris with a T

0:34 AM, 29th September 2022, About 2 years ago

Reply to the comment left by Puzzler at 28/09/2022 - 21:51
In fact there are 3 markets, one missing are company owned properties to rent to employees to allow ' essential employed' to get over the ability to initially rent properties to enable to work in Jersey, yes the other two.

Monty Warne

1:02 AM, 29th September 2022, About 2 years ago

The solutions are obvious -
Curb immigration. New home builders can't keep up with the rise in population.
Make more land available. Only 2% of the country is classed as building land.
Allow councils to buy and then let to meet the demand for social housing. Why is the government buying housing for landlords by paying rents when buying housing for itself is cheaper?
Leave landlords alone, they are not doing anything wrong. They should not be scapegoated, they are not the cause of the problem, they are investors and business people providing a service and they are not responsible for the failings of government policy.

Sir Musa Ali

2:09 AM, 29th September 2022, About 2 years ago

Like anyone with 2% brain will actually believe any politician? The whole government is a bloody joke. If only it can be demolished like a property and rebuilt again, removing any kinks and more stable foundations.

Maybe every landlord should evict their tenants and send them to the council. Or to the homes/gardens of the politicians and let them squat, let's see what rights they give them.

Go back to whatever Circus you have come out from and let the average person live in peace.

Cheese Rocks

7:07 AM, 29th September 2022, About 2 years ago

I have never bought a property that had any other buyer interested. In fact had very relieved sellers wanting to move on after being on the market for months. First time buyers don't seem to want basic housing in deprived areas and tenants are crying out for somewhere to rent. You seldom see vacant properties rented out while sales are awaited - requirements placed on a landlord are too onerous and expensive for it to be worth it. So, houses are stood empty while there's a housing crisis.


8:14 AM, 29th September 2022, About 2 years ago

What a clown, that's why labor doesn't get my vote.

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