Shock figures show under a third of landlords back To...

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27 June 2024

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By Graham Norwood

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Shock figures show under a third of landlords back Tories in election

Only 31.8% of landlords questioned in a large survey back the Tories in next week’s election.

Although this is the largest individual block of support amongst landlords there are almost as many - 30.8% - who say they remain undecided about which party to support.

Among those who have decided, the Labour Party is the second choice at 15.3% and Reform UK at 14.4%.

Traditionally the Tories have relied on very substantial support from the landlord community.

A statement from the survey organiser, lettings agency OpenRent, says rental market policies are important for landlords, with 44.2% rating them as “Very important” in their voting decision.

However, there is widespread dissatisfaction with the current government’s handling of these issues, as 38.2% of landlords feel “Very dissatisfied” and 36.4% are “Dissatisfied”.

Landlords have also voiced their wish list for the next government, including lower tax on rental income and improved protections against tenant damage and rent defaults.

There’s also strong demand for quicker, more efficient eviction processes.

OpenRent sent the survey to 20,000 landlords and 20,000 tenants nationwide, but does not indicate the response rate.

Tenants lean towards the Labour Party, with 37.8% indicating their intention to vote Labour, while a significant 32.5% remain undecided. The Green Party follows with 8.4%, whereas the Conservatives lag behind at 5.3%.

Among tenants, housing and rental market policies hold even greater importance, with 59.7% considering them “Very important”.

Moreover, dissatisfaction with the current government’s performance is notably high, with 65.3% “Very dissatisfied” and 20.0% “Dissatisfied”.

Tenants are calling for rent controls and/or caps and better support for low-income tenants and housing benefits.

OpenRent published the results of its survey on social media.

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