Positive attitude in the UK private rented sector says new Paragon research

Positive attitude in the UK private rented sector says new Paragon research

10:58 AM, 8th October 2015, About 7 years ago 5

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The majority of tenants in the UK private rented sector are pleased with their current landlord, according to new research.positive

Only 5% of tenants have refused a longer term tenancy, revealed a study commissioned by Paragon Mortgages.

There has reportedly been a rise in tenant satisfaction, with 80% satisfied with their current landlord and 87% of tenants now regarding their rented property as their home, rather than a short term arrangement.

65% of tenants have a positive attitude towards renting and believe their rental payment represents ‘good’ or ‘very good’ value for money.

A spokesperson for Discount Insurance said: “This research provides a unique and valuable insight in the sector from a tenant’s perspective. It is clear that there is accommodation of a good value and satisfactory level in the private rented sector.”

The research also revealed that in the second quarter of 2015, the average duration of tenants living in their current rented property was 7 years, while the average total stay in the private rented sector was 12 years.

In regards to long term housing plans, 35% of participating tenants intend to remain within the private rented sector and 24% intend to buy a house in the future.

The amount of respondents citing unaffordability of housing as the reason for renting privately has increased from 69% to 74%.

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Dr Rosalind Beck

21:11 PM, 8th October 2015, About 7 years ago

Hi Jason.
Can you give me the link to the research? I need it for a letter I am writing to the press. Thanks.

Jason McClean

12:26 PM, 9th October 2015, About 7 years ago

Hi Ros

It was Propertywire.com and the survey was from Paragon Mortgages.

Hope this helps!

Dr Rosalind Beck

13:43 PM, 9th October 2015, About 7 years ago

Thanks both. Incidentally, the RLA has also pointed out how rents have not been rising in line with inflation - another myth perpetuated by the 'rogue' charity, Shelter. I'm going to start calling it the rogue charity now as it doesn't work like a normal charity, working for the good of the community; it just attacks landlords and undermines tenants in the process. I'm hoping it will get its funding cut and Campbell Robb will get his marching orders for his contribution to the fiasco he has contributed to in the PRS.

Jon Pipllman

16:25 PM, 9th October 2015, About 7 years ago

Here is a link to the original release on the paragon site


If I was to play devil's advocate (and why not), I would pick up these two comments that needed to be handled with care

Almost a quarter (24%) of tenants intended to buy a house in the future, with the proportion of respondents citing the unaffordability of housing as the reason for renting privately increasing from 69% to 74%.

It is more disappointing though to see that affordability constraints are impacting negatively on future choices in housing with less than a quarter of tenants expecting to buy their own home in due course

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