9th
Mar 2023
A major survey held by a redress scheme with 3,000 landlords and lettings agents has found exactly what the respondents said their biggest problems across the sector were.
Despite reports of landlords selling up and quitting the sector 72 per cent of landlords who took part in the survey along with 76 per cent of lettings agents are still optimistic about the sector as it still provides a regular source of income.
The biggest issues that agents and landlords feel the private rented sector faces are legislation – landlords 39 per cent and lettings agents 25 per cent, rental arrears – landlords 21 per cent, lettings agents 24 per cent, and property maintenance – landlords 14 per cent, lettings agents 17 per cent.
The current legislation and oncoming threatened regulations are a huge challenge but in spite of this 83 per cent of landlords are extremely confident that they are compliant with the requirements.
However 43 per cent of landlords believe the government offers little or no support at all for private landlords.
Virtually half of landlords feel that current legislations holds them back them because of the so many complex regulations, while surprisingly there is a split opinion on whether tenants should be allowed pets.
Apparently 80 per cent of landlords see themselves still being a landlord in three years’ time.
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