16 Jun

Tenants 'happy' with current landlords

Tenants 'happy' with current landlords

A new survey has revealed 81 per cent of UK tenants in the private residential sector are happy with their current landlord.

Research by buy-to-let lender Paragon Mortgages found 70 per cent also feel their current rent represents value for money.

Tenants took part in the survey during the first three months of the year and 82 per cent said they considered the property they rent to be their home, although 20 per cent did say they are hoping to purchase their own property at some point in the future.

The study also discovered that 12 per cent of those in rented properties felt it was difficult to approach their landlord about extending their current tenancy agreement, although 57 per cent said they had always been happy with the tenancy offered. Overall, 17 per cent claim they had asked for a longer term and their landlord had agreed to the new period.

John Heron, the company's director of mortgages, explained the results show that there is a real demand for long term tenancies as they often offer renters more security.

He added: "We are big supporters of offering longer term tenancies and we were one of the first buy to let lenders to announce we would support the government’s new model lease and allow landlords to offer 36 month tenancies to those tenants who need that extra security, as we believe this is our social responsibility."ADNFCR-1222-ID-801791343-ADNFCR

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