Solely 11% of landlords can accurately 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 reveals, who has been within the submit since Labour’s election victory in July 2024.
The lack of awareness displays how the housing minister submit adjustments so typically – 17 occasions since 2010.
At a cupboard degree, the housing secretary function has seen comparable 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, mentioned: “Given the truth that landlords have needed to deal with a revolving door of housing ministers for greater than decade, it ought to come as no shock to see them struggling to maintain monitor of who presently holds the submit.
“A method for ministers to repair this situation is to actively interact with the owner group, perceive their challenges and recognise the important function 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 assist – whether or not it’s the knowledgeable recommendation of intermediaries to facilitate offers, or lenders reminiscent of Landbay persevering with to drive innovation to assist landlords in increasing or refinancing. The mixture 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 mentioned 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 beneath Rishi Sunak.
Along with some extra vibrant responses, many landlords mentioned the difficulty was that the place had modified too many occasions to maintain monitor. As proven with one other reshuffle not too long ago, some mentioned it didn’t matter because the minister is prone to change once more.
Whereas one landlord mentioned: “No. it has modified too many occasions,” one other mentioned: “No concept – most likely gained’t be in submit lengthy anyway.”
