

What will be the best General Election result for the UK’s mortgage, property and financial services markets?
May 23, 2024
The Intermediary
Dariusz Karpowicz, director at Albion Financial Advice: “If Labour wins, as current polls suggest, it might not bode well for the economy. Labour has indicated plans to tighten regulations on landlords, potentially making it even tougher for them. “Their proposals include regulating private rents and making evictions nearly impossible. Additionally, there’s talk of a scheme forcing landlords to offer tenants a buyout option similar to Right to Buy. “Such measures could create uncertainty and discourage investment in the property market, impacting the broader financial services sector. As for Labour’s ability to manage the economy, confidence remains low given these proposed policies.”
