Survey in support of longer tenancies

According to a recent survey by Paragon Mortgages -

81% of UK tenants in the private rented sector are satisfied with their landlord. 

70% of the tenants surveyed thought their rent was at at a fair level. 

A fifth of the tenants were hoping to buy their own home in the future, 35% said they expected to stay in the private rented sector.

6% of tenants had been refused their request of a longer tenancy by their landlord. 

12% of tenants felt uncomfortable approaching their landlord about extending their tenancy agreement. 

17% of tenants had asked for a longer term and their landlord had agreed.

John Heron of Paragon Mortgages commented -

‘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,’ 

‘We are big supporters of offering longer term tenancies and we were one of the first buy to let lenders to announce we would support the Government’s new model lease and allow landlords to offer 36 month tenancies to those tenants who need that extra security, as we believe this is our social responsibility,’ 

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