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23 May 2024

What will be the best General Election result for the UK’s mortgage, property and financial services markets?

What will be the best General Election result for the UK’s mortgage, property and financial services markets?

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.”

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Dariusz Karpowicz is a regulated adviser and Founder of Albion Financial Advice Services Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN 769375).

Your home may be repossessed if you do not keep up repayments on your mortgage. Some buy-to-let mortgages are not regulated by the Financial Conduct Authority. The information on this website is for general guidance only and does not constitute personalised financial advice.

Albion Financial Advice Services Ltd is registered in England No. 10460659; registered office: Armstrong House, First Avenue, Finningley, Doncaster, DN9 3GA.

Fees: our standard broker fee for arranging a new residential mortgage is £599 where there is no adverse credit history. Different fees apply to remortgages, buy-to-let and commercial cases. Where there is adverse credit history, our fee depends on your circumstances and will always be disclosed before any fee-charging activity begins. Your initial consultation is always free.

If you have a complaint, contact us first at info@albionfa.co.uk or 01302 590039. If you are not satisfied with our response, you may refer your complaint to the Financial Ombudsman Service: financial-ombudsman.org.uk, tel. 0800 023 4567. · Privacy policy · Shop terms

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