Survey uncovers landlords’ worries and preferences in the rental market

Survey uncovers landlords’ worries and preferences in the rental market

0:01 AM, 22nd March 2024, About 9 months ago 4

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More than half of landlords are concerned about upcoming legislative changes, according to a survey.

A government survey reveals that 62% of landlords are worried about legislative changes in the private rented sector.

Landlords with smaller portfolios are particularly worried about navigating tax changes (52%) and unpredictable tenant behaviour (50%).

Unwilling to let to tenants with rent arrears

According to the survey, the majority of landlords (84%) are unwilling to let to tenants with a history of rent arrears.

More than two-fifths (44%) are unwilling to let to tenants on either housing support or Universal Credit.

Landlords are also unwilling to let to students (48%), tenants with pets (45%), and tenants requiring adaptations to the property (44%).

One-third of landlords now have properties with an EPC rating of C or higher

According to the survey, there has been a decrease in the proportion of landlords owning properties with low EPC ratings since 2018.

The percentage of landlords with properties rated E, F, and/or G has dropped from 21% to 15% in 2021.

More than one-third of landlords now have properties with an EPC rating of C or higher (35%) or a rating of D (38%). However, 18% of landlords admitted to not knowing the EPC rating of their properties.

Median age of individual landlords is 58 years old

According to the findings, the median age of individual landlords is 58 years old. The survey reveals, 5% of all landlords said they were full-time landlords, with the remaining 95% being part-time landlords.

Nearly half (48%) of landlords considered their properties as an investment for rental income.

More than half (54%) of landlords considered their properties a long-term investment to contribute to their pension while 27% saw their properties as an investment for capital growth.


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Paul Essex

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12:49 PM, 22nd March 2024, About 9 months ago

The survey was post Covid in 2021, the legislative outlook has worsened considerably since then.

It would be interesting to re- run the survey post RRB.

TJP

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21:53 PM, 22nd March 2024, About 9 months ago

My biggest worry is what the courts get up to... when they do, eventually, deign to host landlord actions. It's a complete lottery and totally at the whim of judges as to whether any attempt at justice occurs. It's also a complete lottery as to whether, having had a favourable outcome, a bailiff will be appointed. Currently waiting 5 months. Still no date. Total time waiting, 2 and a half years and counting. I'm selling everything asap.

Fed-up Landlord

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22:20 PM, 23rd March 2024, About 9 months ago

This survey seems to be three years out of date, so really meaningless

Reluctant Landlord

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15:14 PM, 24th March 2024, About 9 months ago

different results because there are less landlords in the PRS than there were when this 'survey' was taken I presume.

The telling figure is the number who have purposely left the PRS BECAUSE of the toxicity of the whole rental market!

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