‘Majority of tenants are satisfied with their landlord’

‘Majority of tenants are satisfied with their landlord’


Todays other news
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
The first one is in Manchester - but will the...
Grainger is selling its low-yield stock and pinning its hope...


Some 81% of tenants surveyed by buy-to-let lender Paragon Mortgages said they are satisfied with their current landlord.

The majority of tenants confirmed that they consider the property they rent to be their home and 70% said they perceived the rent they pay to be either good or very good value for money.

The research, carried out during the first quarter of 2015, asked 500 tenants living in the Private Rented Sector (PRS) for their views on their current tenancy and their future aspirations in terms of housing.

A fifth of respondents said they plan to buy their own home in the long-term, while 35% said they expect to stay in the PRS.

The survey also revealed that 12% of tenants felt uncomfortable approaching their landlord about extending their tenancy agreement and 6% who had asked for a longer tenancy were refused. 

On the other hand, 57% said they had always been happy with the tenancy offered and 17% had asked for a longer-term and their landlord had agreed.

 

“It is important that we understand the world from the tenant’s viewpoint so we can continue to deliver products that support better standards in the PRS,” said John Heron, director of mortgages at Paragon.

“There has been a lot of noise around the need for longer-term tenancies for some time and I think there is a common misconception that landlords are not willing to be flexible in the tenancies they offer.

Our landlord research demonstrates that many are more than willing to extend terms and in 71% of cases it was the tenant who chose to end the tenancy and not the landlord.”

He added that his firm is a ‘big supporter’ of landlords offering longer-term tenancies.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The 12 month figure is the lowest seen in Scotland...
This is another element of the government ambition to build...
Zoopla expects UK house prices to increase by 2.5 per...
The rate of London outmigration has slowed to the lowest...
Spain’s draconian new tax is already spooking British investors...
The Budget has forced a revision of forecasts for the...
Prices and sales volumes will grow in 2025 despite the...
Recommended for you
Latest Features
The current controls come to an end on March 31...
The agency is also seeking other partnerships in Portugal...
The investment was supposed to be for a city centre...
Sponsored Content
As the property industry shifts towards sustainable practices, Inspired Property...
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here