Residential landlords will have seen the news that Halifax believes we will be a nation of renters in one generation. Young people are often happy to live from tenancy to tenancy, perhaps moving frequently and not worrying about making a permanent home. For older people this is not the case and the traditional assured shorthold can leave them feeling vulnerable. They tend to want to feel settled and secure. What happens when the current generation of young renters gets old?
The solution could be longer terms tenancies but these are in short supply. A company called Girlings Retirement Rentals offers private properties to rent for the over 55s with assured (life-long) tenancies. They have seen tenant numbers increase threefold in the past five years and offer their services to landlords and tenants.
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