Reform's Property Values
Thursday 25th September 2025
Nigel Farage does seem to have an extraordinary ability to deflect incoming flak.
Particularly, around his love life but now also his property transactions.
On the recent purchase of ‘his’ constituency home, the two have become intertwined. It now transpires the £885k house was actually bought by his French girlfriend, apparently with her own funds.
Why any self-respecting French lady would want to live in Clacton I don’t know.
A chacun son gout. That’s French!
There have been questions around the funding but it seems, as a story, to have been dropped. It is easy enough to winkle out the source of funds in a property transaction, I know because as agents we have to do it for fear of doing time at KC3’s pleasure.
If by now it had been discovered that Nige had funded it himself and lied, we would surely know.
Unlike the serial property offender Angela Rayner, who quite clearly knew there was a strong chance she may have to pay the 5% extra Stamp Duty on her flat purchase, yet failed to check.
They both display a natural desire to avoid paying onerous taxes for what should be everyday activities.
And who can blame them when those taxes are squandered by Govt. and the Civil Service?
Putting moral values aside, what are Reform UK’s property policies and what effect will they have on the market and more importantly (because property has this power) on the whole economy?
To the first question, it is hard to know. There are 4 headline policies in their last manifesto:
- Review planning. Hard to disagree.
- Reform social housing law. Seemingly aimed at denying immigrants social housing - this is more controversial, but many will agree.
- 3. Scrap Section 24 for landlords. Translated, this means reinstate the right of landlords to offset interest on borrowing before tax, like any other business. Neither the Tories who introduced this idiotic policy or Labour who don’t even understand it would do this. So that is a tick from me.
- Abolish the Renters ‘Wrongs’ Bill renamed post the election by Labour with edits from me, and still driving up rents as we speak. Again, a tick from me.
On my rounds and with my perma-politics hat on, I hear people from the very rich to the very poor saying they will vote for Reform UK because both Labour and the Tories are so completely useless.
Who knows if the electorate are right but if they are, I would like Reform to have much deeper, worked up policies around Housing before they come into power, so they can hit the ground running.
Over my 35 years in property, it has become crystal clear to me that the balance, types and levels of tax have a material impact on how the property market works and in turn the tax take from it.
Virtually everything around tax and property are out of kilter now. Gordon Brown and George Osborne should hang their heads in shame for the amount of fiddling they did and the complexity thereof.
It can be sorted out but takes a grand scheme and some backbone.
On the tax side alone, there is SDLT, CGT, IHT, Council Tax, Business Rates, VAT and one of my preferred unused taxes, APT.
Look at my blogs to learn about that last one. Doing so myself, I see I have covered all the areas that need sorting out.
So, Nigel. Pop by for a pint and we can write it all down on the back of a few fag packets.
Oh, and what will my ideas do for the property market and the economy?
They will create a fluid property market which will increase mobility, growth and the tax take while decreasing homelessness and poverty.
As Farage’s girlfriend might say ‘seulement ca’.
Do tell me if you think I am an arrogant ‘so and so’ but only alongside your good ideas to discuss.
Until next time……
PB
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