News

LETTINGS NEWS: Labour at risk of alienating landlords

10/11/14

The Labour party declared its intention to give local councils the power to ban buy-to-let investors from buying new homes should it win next year’s general election. And now a pressure group, Civitas (Institute for the Study of Civil Society) wants the Party to extend its policy to effectively ban landlords from purchasing existing properties, as well as new ones, in designated areas. Daniel Bentley, director of communications at Civitas claims that buy to let only accounts for one in ten loans for new build properties in any event and says that if Labour is serious in its intention to maximise the number of owner-occupiers, it will need to extend the restriction to cover all homes.

Labour’s hardening attitude to the private rented sector is likely to be a recurring theme in the build up to the general election. It has already announced policies to introduce rent controls, mandatory longer-term tenancies, restrictions on tenant evictions and a compulsory register of landlords.

Free Instant Valuation

Are you thinking of selling, or just looking to know how much your property is worth? Try our new online valuation tool, it only takes seconds.

Click here

SPECIAL WINTER OFFER FOR LANDLORDS

Free annual gas safety check and service on all new managed properties.

Click for more details

Find out more about our region

By limiting our market to properties in Exeter & the surrounding towns and villages, we don't stretch ourselves too thinly and can offer our customers genuine insider knowledge of the local property scene.

Download guide

What Our Clients Say About Us

Click below to see some recent testimonials.

Click here

Guide to moving home

If you've not moved before or just want to check on some recommended suppliers to help your move go smoothly then have a look at our online magazine.

Click here