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Landlords split over Brexit

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Thu 16 Jun 2016

Landlords split over Brexit

Following months of uncertainty about whether the UK should remain or leave the European Union, it would appear that many landlords remain unsure which way to vote in next week`s referendum. 

With just one week to go, a third of landlords are undecided about whether they will vote to leave or remain in the looming EU referendum, new research from the National Landlords Association (NLA) reveals.

The findings from the study show that landlords are evenly divided, with 35% in favour of leaving the EU and 35% planning to vote to remain.

The key findings also reveal a clear regional divide, with 45% of landlords in inner London wanting to remain in the EU against 29% supporting leave, while in the North East, only 29% of landlords wish to remain a part of the EU against 44% who want to exit the 28-member state.

Overall, 53% of landlords believe that EU membership would be beneficial to their future business prospects, while 47% think it will have an adverse impact.

`Landlords, much like the rest of the British public, are divided on how they will vote in the EU referendum which means the decision looks to go down to the wire," said Richard Lambert, chief executive officer at the NLA.

He added: `The Remain and Leave campaigns have both had difficulty persuading the public on the benefits or hazards of a Brexit vote, and they have struggled to provide any clear analysis about the impact exiting the EU would have on the buy-to-let market.

`As a result, landlords appear more likely to vote in this referendum based on their attitudes to issues such as national security, trade, and immigration, rather than the effect on the UK property market or their businesses.`