Solely 11% of landlords can appropriately identify Matthew Pennycook because the minister of state for housing and planning.
The overwhelming majority of landlords failed to call the minister and member of parliament for Greenwich and Woolwich, analysis from buy-to-let lender Landbay exhibits, who has been within the publish since Labour’s election victory in July 2024.
The lack of awareness displays how the housing minister publish adjustments so typically – 17 instances since 2010.
At a cupboard stage, the housing secretary position has seen related churn with new appointment Steve Reed serving because the 12th secretary of state since 2010 and the second of this newest Labour authorities.
Rob Stanton, gross sales and distribution director at Landbay, stated: “Given the truth that landlords have needed to take care of a revolving door of housing ministers for greater than decade, it ought to come as no shock to see them struggling to maintain observe of who at present holds the publish.
“A technique for ministers to repair this subject is to actively interact with the owner group, perceive their challenges and recognise the important position they play in propping up the housing market and offering housing for one in 5 households in England and Wales. As a substitute, they proceed to check the unimaginable resilience of landlords with unhelpful rhetoric and one-sided laws.
“Whereas ministers and coverage could change, landlords can depend on the BTL marketplace for continued help – whether or not it’s the knowledgeable recommendation of intermediaries to facilitate offers, or lenders akin to Landbay persevering with to drive innovation to help landlords in increasing or refinancing. The mix of high quality recommendation and agile, forward-thinking lending will allow landlords to navigate this shifting panorama and confidently plan for the long run.”
When requested by Landbay in Might, many landlords stated Angela Rayner, who till not too long ago served as each deputy prime minister and secretary of state for housing, communities and native authorities.
Different responses included Lisa Nandy, Julie James, the Welsh Senedd member and minister for supply, and Baroness Rachel Maclean – a former housing minister below Rishi Sunak.
Along with some extra vibrant responses, many landlords stated the difficulty was that the place had modified too many instances to maintain observe. As proven with one other reshuffle not too long ago, some stated it didn’t matter because the minister is prone to change once more.
Whereas one landlord stated: “No. it has modified too many instances,” one other stated: “No thought – in all probability received’t be in publish lengthy anyway.”
