Brexit Party leader Nigel Farage has been put on the spot by the person many consider to be the country’s most controversial landlord.
Fergus Wilson - whose buy to let portfolio in the south east of England at one time ran to around 1,000 properties - has written a letter to Farage, whose new party has so far given no indication of its views on anything other than the principle of leaving the EU.
Wilson’s letter reads:
PRIVATE SECTOR LANDLORDS and PROVISION OF HOUSING
Congratulations on your re-election as a MEP. I rather suspect the Brexit Party will be contesting the next General Election and would be grateful for your frankness as to the supply of housing.
It is clear from today’s announcement regarding the lack of money for old people and social care that HMG has no money to provide housing.
The Government is very heavily dependant on Private Sector Landlords (PSLs) providing houses to be rented. However, at the same time it is driving away potential landlords and existing landlords by its Punitive Tax Measures.
No Private Sector Landlord then no Private Sector Housing!
About 18% of British adults own a Private Sector Rented house. In those houses there is a Private Sector Tenant! That is 36% of the electorate.
As I am sure you are aware, very many PSLs voted for Brexit because of HMG tax regime.
If the Brexit Party is swept into power at the next General Election will it restore Landlord Tax to the previous Headline Rate and put Capital Gains Tax (CGT) down to a flat 10% for everyone?
Farage said in the aftermath of his party’s European Elections success that if the new Prime Minister had failed to take Britain out of the EU by the latest deadline of October 31, the Brexit Party would stand at a future General Election.
However, there is no reference to any policies beyond Brexit on the party’s website, but there is an invitation for people interested in becoming a party candidate at a future general election.
Farage has himself stood for the Westminster Parliament on seven occasions, all unsuccessful and on one occasion attracting only 1.7 per cent of the vote.
Fergus Wilson and his wife Judith bought their first buy to let property in 1991 and say they have provided homes for about 10,000 tenants since that time.
They are now retiring and selling their portfolio.