Landlords call for tenant credit checks and faster evictions

Landlords call for tenant credit checks and faster evictions

0:01 AM, 24th May 2024, About 6 months ago

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Landlords want to see stricter measures to ensure tenants meet their financial obligations as 70% support linking rent arrears to credit ratings to deter late payments, a survey reveals.

The findings from Leaders Romans Group (LRG) found that financial concerns are a major landlord worry in England with rising mortgage rates, increased taxes and maintenance costs impacting profitability.

Also, 45% of the 630 landlords questioned back the introduction of a tenant register to identify those with a history of non-payment or property damage.

Interestingly, the survey found that 45% of tenants ALSO believe a tenant register would be beneficial – and some said it would encourage them to pay on time.

Landlords calling for tenant arrears to impact credit ratings

The firm’s national lettings managing director, Allison Thompson, said: “With 70% of landlords calling for tenant arrears to impact credit ratings and 61% pushing for streamlined legal proceedings, there’s a clear mandate for reform that addresses landlords’ concerns while fostering a fair housing market.

“LRG remains steadfast in its commitment to championing legislative changes that recognise the challenges landlords face, advocating for a rental market that is equitable, sustainable and responsive to the needs of all stakeholders involved.”

Proposed reforms to Section 21 ‘no-fault’ evictions

The LRG survey also highlights a split among landlords on the government’s proposed reforms to Section 21 ‘no-fault’ evictions.

While 42% of landlords see it as crucial for maintaining control over their investments, others acknowledge the negative perception of ‘rogue landlords’ and believe responsible landlords have little to fear from changes.

The survey also exposes a lack of awareness surrounding the Renters (Reform) Bill among tenants with almost half not knowing of it – and just 4% fully understanding its implications.


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