Property  

Brokers warn on impact of political rumours

Sarah Drakard, independent financial adviser at Cruze Financial Solutions, said: “I think it’s really irresponsible for politicians to say these things. Housing is the most important thing after food and it’s not something that should be politicised.

“I get phone calls saying ‘I saw this is going to happen’ and now they’re basing their whole housing decisions on that whim.”

Ms Drakard pointed to Jeremy Corbyn’s ‘right to buy for renters’ proposals which has resulted in some of her clients waiting to buy their first home in case they could end up able to buy the property they currently live in.

She also said some buy-to-let clients told her it was part of their reasoning to look to leave the rental market, alongside the plethora of tax and regulatory changes introduced by the government in recent years.

Jerald Solis, business development and acquisitions director at Experience Invest, said: "Our research clearly shows many property investors are now adopting a ‘wait and see’ approach as the Brexit deadline draws near.

"This means there could be a surge of activity once Brexit materialises. Once the dust settles, investors are evidently preparing to spring back into life, which could result in far greater activity across the UK property market.”

imogen.tew@ft.com

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