Tag Archives: Rent

Good feedback for Landlords from Tenants reported by NLA Landlord News, Latest Articles, NLA - National Landlords Association

The majority of tenants say their rent provides good value for money, according to the National Landlords Association’s NLA latest research findings*.

More than seven in 10 tenants (73 per cent) rated their rent as ‘good’ or ‘very good’ when asked their opinion on whether it represented value for money. One in five (20 per cent) perceived their rent as ‘poor’ value, while just three per cent rated it as ‘very poor’.

The findings also show that the majority of landlords haven’t increased rents in the last 12 months, with three quarters of tenants reporting they’re paying the same rent (72 per cent) or a lesser amount (3 per cent) compared with a year ago.

In total, 85 per cent of tenants said they were happy with the length of their most recent tenancy agreement and four in five (79 per cent) said that their tenancy was either renewed or continued on to a rolling Statutory Periodic Tenancy (SPT) at the end of the previous fixed term period.

When it comes to the end of the tenancy, fewer than two per cent of tenants said their landlord ended their last tenancy (1 per cent) or felt they were forced to move out because of increases to their rent (0.6 per cent). Three per cent of tenants said they decided to move on or end their last tenancy of their own accord.

Carolyn Uphill, Chairman of the NLA, said: “It’s pleasing to see that so many tenants perceive their rent as good value because landlords face a lot of unjustified criticism for the rising costs of living.

“The NLA has long argued that rent levels in the UK are a consequence of a market economy, with the determining factor at present being a chronic undersupply of affordable housing, compounded by lethargic efforts on the part of Government to foster more construction.

“On the whole the findings are encouraging for tenants: they demonstrate that rents on private lets over the past year have remained fairly stable and show that, in reality, very few feel pressured to move out or actually have their tenancy terminated by their landlord – a common misconception.

“However, most important of all the findings suggest that the majority of landlords are in the business of providing good quality, affordable homes and are making sustainable tenancies a mainstay of most tenants’ rental experience”.

*NLA Tenant Panel research, October 2013 – 550 online respondents.feedback


Paying rent late will hit credit score Latest Articles

Of interest, I think, to fellow landlords; Experian expects to include 600,000 rental records by year-end of tenants who pay late, starting with social housing and expanding to all private rentals. Lenders will have access to the information next year. Paying rent late will hit credit score

Tenants who get a black mark will could ruin their chances of securing a mortgage, credit card or being accepted by their next landlord. Missed payments will damage a credit score, regular payments will improve it ……


Rental arrears down, say LSL Buy to Let News, Latest Articles, Lettings & Management, Property Market News

House made from money

LSL have found the maket is still very favourable for landlord

Rental arrears decreased for the second month in a row, according to LSL Property Services latest buy to let index. The figure now stands at £257million, down 18% on May’s figure of £315m.

This was a result of 9.3% of rent being paid late or missed in June instead of the 11.5% recorded the month before.

David Newnes, LSL’s estate agency managing director had expected the change but there was more to it than tenants being better off. He also offered a warning for future months. Continue reading Rental arrears down, say LSL


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