29th
May 2024
Landlords are calling for tougher measures to make sure that private renters can afford to pay their rent with 70 per cent wanting tenant’s rental arrears being linked to their credit ratings to help prevent late payments, according to a survey.
One of the UK’s largest property services groups’ survey found that ‘surprise, surprise’ England’s private landlords biggest worry is their profitability levels that have been hit hard by rising mortgage rates, increased taxation and maintenance costs forever on the rise.
Out of the 630 landlords who took part in the survey 45 per cent support the introduction of a tenant register to name those who can be termed as ‘career rent criminals’ with a CV of their non-payment cases and/or those who damaged properties.
What the survey found which is a positive shock reveal – 45 per cent of tenants said a tenant register would be beneficial - some others even admitted it would certainly discourage them from paying late.
Landlords also wants those tenant’s with a history of rental arrears must have their credit ratings impacted accordingly.
The group’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.
“We remain 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.”
The survey also draws attention to a divide amongst landlords on the government’s proposed reform of the Section 21 ‘no-fault’ evictions.
Although 42 per cent of landlords see it is most important to be in full control of their properties others do recognise the negative opinions surrounding ‘rogue landlords’, however good landlords have little to worry about future changes.
The survey also finds that many tenants are not aware of the Renters Reform Bill with nearly half not even knowing it exists and only 4 per cent fully understand its implications.
News Archive »