Eight out of 10 tenants happy with landlord
A massive eight out of 10 tenants are satisfied with their current landlord, according to a survey commissioned by Paragon Mortgages, and undertaken by BDRC Continental.
The survey also reveals that an increasing proportion of those making a home in the private rented sector are couples (29%) and couples with children (21%), reflecting the shifting demographics of the sector as standards improve.
The more settled nature of those living in the private rented sector is also reflected in the fact that 87% of those surveyed consider their rented property to be their home. And the average length of time spent living in privately rented accomodation currently stands at 12 years.
John Heron, director of mortgages at Paragon, said: “The message coming through in this survey is that, for many people, the private rented sector is an increasingly attractive option over the long-term. This in many ways reflects the ongoing issue of affordability in the housing market, simultaneously however, competition and best practice are driving higher standards in the sector – making it a more attractive proposition for both individuals and families.
“This data underscores the value of the private rented sector to the UK’s housing market. We still have some way to go to before we catch up with our counterparts in Europe, but higher tenant satisfaction with both standards and affordability, show that there is room for increased growth in this sector.”