A recent survey carried out by a buy to let mortgage provider has revealed that 81 per cent of the private rental sector tenants that took part are satisfied with their present landlord according to a report on propertywire.co.uk
Of those surveyed 70 percent considered that they received value for their rental money with 82 percent saying that they felt the property they rented was their home.
The survey, which was carried out during the first quarter of this year also revealed that nearly a fifth had asked for an extended tenancy term to which their landlord had agreed.
Mr John Heron, director of mortgages at Paragon Mortgages who undertook the survey said ‘There has been a lot of noise around the need for longer term tenancies for some time and I think there is a common misconception that landlords are not willing to be flexible in the tenancies they offer. Our landlord research demonstrates that many are more than willing to extend terms and in 71% of cases it was the tenant who chose to end the tenancy and not the landlord,’
It’s great to hear that so many tenants have a good relationship with their landlord and even want to remain in their rented property for longer, helping to reduce those void periods which can be costly for any landlord.
It is a good idea to make sure you have taken into account all additional cost like potential untenanted periods and also landlords property insurance. Click4quote.com provides landlord property insurance so why not contact us today for more information or to obtain a quote