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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Mary Story

10:21 AM, 29th September 2022, About 2 years ago

Personally I am fed up with the demonisation of landlords. When I married I owned my home but moved into my husbands home (that he owns) I was unable to sell my home despite trying for a few months. The only option was to rent if out. I was a reluctant landlord and have never liked the process. Having followed every landlord rules to the full and keeping my rent low I am annoyed that laws keep getting introduced which mean more and more money to pay out each year on top of the tax. The result is I make very very little money from renting. Im still trying to sell but my property is not in one of the areas in demand. So for Keir Starmer and the press to imply we are all just money grabbing deviants is insulting.


10:40 AM, 29th September 2022, About 2 years ago

Reply to the comment left by David Webb at 28/09/2022 - 22:40The Government want big corporations (aka Tory donors) to provide properties. BTR is only very slowly building properties and then in the wrong places targeting the wrong type of tenant.
So "engineer" a property crash and incentivise corporations to buy at knockdown prices.


10:46 AM, 29th September 2022, About 2 years ago

Reply to the comment left by Monty Warne at 29/09/2022 - 01:02
Big builders regulate how many properties they build in order to maintain the selling price, so releasing more land to them would not achieve anything.

Local Councils need to set-up the equivalent of the post war Development Corporations and build council houses en masse, where they are needed and for social tenants.

Suzi Walker

12:01 PM, 29th September 2022, About 2 years ago

And in the meantime, when he's ousted all the landlords, where are people going to live? In most of Europe renting is the norm anyway. Solve the problem - more affordable housing - but dont eradicte the only current alternative there is.

Dennis Leverett

12:19 PM, 29th September 2022, About 2 years ago

Reply to the comment left by Gromit at 29/09/2022 - 10:40I kinda think you are right as most PRS LL's are single property owners. Forcing sales gives them, the Gov., plenty of revenue from various taxes and opportunity to buy up properties at good prices. Can't lose can they. I don't think Starmer even really gets that's what's happening. Please don't shoot me down but I think this latest financial crash has been a long time coming and totally the fault of extremely poor Government, all aiming for votes and self interest rather than what's needed. I think we need this crash as a big wake up call to all those in any sort of authority anywhere. Interest rates have been too low for too long, in the 80's and 90's my mortgage rates hit around 16/17% but we got through somehow. I'm fortunate enough after many years of hard work to be debt free and comfortable but I need interest on my stashed away pennies to be at least 5-8% long term. Mortgage rates of 5-8% are not unreasonable in the balance of things. Unfortunately, the media are really scaremongering and making it sound like the end of the world, but that's Putins job.

Natalya Brodie-Greer

14:42 PM, 29th September 2022, About 2 years ago

Maybe if they re-introduced staggered capital gains relief some older landlords would be able to get out with the self made pensions the governments of the time encouraged them to build up many years ago! Thus releasing properties back onto the market and enabling 70+ yr old landlords to retire!!
As it stands, they have no retirement options and with MEES will soon have no income at all! Who can afford to spend £10500 per property?! Reality check required!!

Juan Ortiz

20:58 PM, 29th September 2022, About 2 years ago

What a stupidity.
How does going after landlords have anything to do with fixing the economy?
The man is shortsighted!


23:31 PM, 29th September 2022, About 2 years ago

Reply to the comment left by Natalya Brodie-Greer at 29/09/2022 - 14:42
Local Councils seem to think £60k is reasonable to improve the energy efficiency of properties but then its not their money they are spending.

Voice of a landlord

0:15 AM, 30th September 2022, About 2 years ago

Action not words! Clearly there is enough spleen from many landlords to take time to write on these forums but not to your local MP to affect change.

It's time for a more collective voice on the PRS issues so that we are iactually shaping policy rather than whining on about ourselves as victims.

Why aren't any visible media coverage about the 'good
Privare sector landlords' out there?
We should be paying for press coverage , proper media campaign and getting a Political champion who actually is outspoken on the matter. valuable and should be valued contributor to society but we are not making our case heard.

Christopher Loughlin

8:10 AM, 30th September 2022, About 2 years ago

Another thing they need to do is to stop one individual becoming a landlord of an unmanageable amount of properties. Too often, people take on letting out too many flats and houses with there eye on the profit margin but then forget there are actual human beings living in them, not just units to be shifted around and manipulated. If that landlord takes on well-trained staff then the number of properties could be permitted to go up. Otherwise, neglect and mismanagement creeps in even if not the actual intention. Obviously, the landlords costs would also need to come down forcthos to work though e.g. special mortgage rates for landlords that follow a code of conduct and charge fair rent.

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