Buy-to-let owners believe the government is 'anti-landlord'

 
Buy-to-let owners believe the government is 'anti-landlord' [Photo: Bartłomiej Szewczyk via iStock]

People operating in the buy-to-let market believe that the government is anti-landlord, after Westminster imposed a number of new changes on them over the course of the last two years, a new survey has revealed. 

According to the latest findings published by Martin & Co as part of its survey into landlord sentiment nationwide, as many as 92 per cent of landlords across the country believe they are being victimised by the government as it brings about various new changes that only seem to punish them. 

Over the past couple of years, the government's bid to boost the number of homeowners in the UK has seen ministers bring about changes such as the three per cent additional Stamp Duty charge that landlords have to pay whenever they buy new stock, and the change to mortgage relief tax, which will come into effect in April. 

Not only have these changes made many landlords feel like the government is against them, but the data from Martin & Co's survey also suggests that many now feel worried about the future of the buy-to-let sector as a result. As many as 61 per cent of respondents said they had concerns about how the sector will function in months and years to come if the government keeps making it more expensive to operate as a landlord. 

When asked about the changes that have happened or are due to come about in the market, it's clear that the vast majority of landlords want to see changes of some kind. For example, some 50 per cent of respondents would like to see next year's mortgage tax relief changes removed, while 74 per cent want the Stamp Duty levy from this year overturned. 

Ian Wilson, chief executive of Martin & Co, said: "The government seems to be set on making life as difficult as possible for property investors, while ignoring the fact that landlords provide essential rental properties in locations where there are housing shortages and no realistic ability to buy."