“Scaremongering” accusation by Labour

Kerb appeal

It would appear that Sadiq Khan from the Labour party  has attacked Knight Frank, a firm of estate agents, for apparently sending out printed material to homeowners, highlighting the “threat” of a mansion tax before the election, the shadow London minister and shadow justice secretary  accused the firm of  “scaremongering”, arguing that it was an attempt by a private company to influence the results of the election.

There has been a pre election pledge by Labour to impose a levy on all homes worth more than £2m to raise cash for the NHS,  conservatives are opposed to any higher value property tax.  It has been reported that the letter sent out by Knght Frank does not urge voters to choose any particular party but suggests people may be thinking about their financial position with the election coming up, and includes a report setting out the possible implications for high-value house prices.

Sadiq Khan a possible  frontrunner to be Labour’s London mayoral candidate, was also reported as saying  “Estate agents are one of few professions trusted less than politicians, and I am shocked that Knight Frank think it is acceptable to scaremonger like this.”

Knight Frank replied to the comments by saying they were simply providing voters with a factual assessment of what the mansion tax would do, they went on to say
there had been lots of inquiries from clients and members of the public about what the mansion tax might mean for them, they said “What we’ve put together is a document that tries to understand what the tax is and how it might work.” He also went on to say it was not a political campaign and the estate agent was neutral on the idea of a proposed tax”

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Damaged timber from Dry Rot
Estate Agent Talk

Mould and damp – what you need to know ahead of winter

With the winter months just round the corner, problems with damp and mould can become far more prominent. Autumntime is when many people turn on central heating systems and choose to close windows, preventing fresh air ventilation needed to allow damp air to leave a property. Unfortunately, the combination of warm and damp air can…
Read More
Breaking News

Rental price and average salary tracker – September 2025

London and South East see biggest dips in required rental salary year-on-year London and the South East saw the sharpest dips year-on-year in the average salary needed in order to rent the average home in that area. London saw a 4.2% drop, whilst the South East saw a decline of 2.9%. Yorkshire and Humberside saw…
Read More
buying at auction uk
Breaking News

The cities where buying beats renting – with just a 5% deposit

British first-time buyer mortgage payments are typically 17% cheaper than renting, even with a low 5% deposit The average 5% deposit is £11,412 based on a typical first-time buyer property price of £228,233 Among major cities outside London, the biggest gap between owning and renting is in Glasgow, where buyers could save more than £4,750…
Read More
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Rates Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.51% +0.00% -0.37% 5-year fixed 4.55% +0.01% +0.01%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.77% +0.05% -0.07% 5-year fixed 3.97% +0.10% +0.29%   Average…
Read More
Rightmove logo
Breaking News

Data and commentary from Rightmove on stamp duty reforms

Colleen Babcock, Rightmove’s property expert said: “We’ve been calling for stamp duty reform for some time now, as it’s a significant barrier for many people moving home. Abolishing it completely would remove one of the biggest barriers to moving, unlocking more moves at all stages of the property ladder. “Our data shows that only 5%…
Read More
Breaking News

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1…
Read More