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Monthly Archives: June 2016

Large Percentage Of Tenants Happy With Their Landlord

According to a survey that has been carried out there is a large % of tenants that are happy with their landlords. This has to be good news for the landlord’s profession as a whole. BDRC Continental undertook the survey for Paragon Mortgages and it makes for interesting reading. The survey revealed that 79% of tenants were satisfied with the landlord that rented out a residential property to them. Another interesting response by tenants was that 69% of them were of the opinion that the rent they pay was either good or very good value. Now, you may think that when someone rents a property from a landlord that they perhaps don’t really view the property as their home but somewhere that they are just living in temporarily. Well, according to the survey, 85% of those tenants taking part in the survey felt that the property was their home and we are sure that you will agree that is a very positive attitude to take. Could this also be viewed as further confirmation that such tenants get on well with their landlords? Another interesting statistic was the length of time that a tenant is spending in their present property that…

Number of Landlords Increases

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It probably does not come as a surprise to read that the number of landlords in the UK has gone up in the last few years. This is based upon information emanating from HM Revenue and Customs that keeps a record of landlords declaring income from properties that they rent out to tenants. In the year 2013 to 2014, the number of landlords that informed HMRC of their rental income amounted to 1.75 million. Back in the year 2012 to 2013, that figure was 1.63 million landlords. That is an increase of 7% that we are sure you will agree is a significant rise. There has obviously been an attraction for people to enter the investment property sector as landlords in recent years as people look for a potentially better return than what they may achieve from the likes of bank and building society savings accounts and the stock market. As there are also an awful lot of lenders that will provide buy-to-let mortgages that is probably another reason why the number of landlords has increased in the last few years. It is possible that, since 2013/2014, the number of landlords may have risen even further in the UK. However,…

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