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Up to 81% of UK tenants are satisfied with their current landlord while 70% believe their rent is value for money, according to new research.
A survey carried out by Paragon Mortgages, revealed that 25% of the respondents aim to buy their own home in the long term, whereas 35% of renters expect to stay in the private rented sector.
A further 82% of respondents said they consider the property they rent to be their home.
In terms of the tenancy that is offered to renters, 57% stated they were happy with the conditions given to them and 17% have asked for a longer term, which the landlord had agreed to.
However, the research also revealed that 12% of tenants felt uncomfortable about approaching their landlord with regards to extending their tenancy agreement.
6% of tenants also revealed that their request to have a tenancy extended was refused.
“Landlords are willing to be more flexible than people expect when it comes to tenancy agreements, with them understanding that some tenant’s want a longer term tenancy,” said a spokesperson for Discount Insurance, Property 118’s insurance partner.
“Longer term tenancies are beneficial for landlords if they have reliable and good tenants who pay their rent on time,” added the spokesperson.
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