90% of landlords and agents say government has abandoned them

Government ministers hoping for the landlord vote at the next election in 2024 may be disappointed, new ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - 90% of landlords and agents say government has abandoned them | LandlordZONE.

90% of landlords and agents say government has abandoned them

Government ministers hoping for the landlord vote at the next election in 2024 may be disappointed, new research among some 14,000 people suggests.

The major new survey has found that 90% of landlords and letting agents believe the government is not supporting the private rental sector, and that a quarter believe Ministers are anti-landlord and pro-tenant.

Also, a fifth are concerned by the increase in regulations, legislation and tax in recent years and months.

These results are from the latest joint MyDeposit/Ome industry polling, which also highlighted legislation, rent reliability and the impact of Covid as key concerns for those operating within the private rental market.

Professional approach

The research also throws up some interesting insights into this sector, revealing that 40% of landlords rent to professionals, 28% to families, 9% to those on Universal Credit, 7% to students while 6% are ‘others’.

Two other key are revealed by the research – that the UK is now a majority apartment rental market with 47% of all properties in this category, and that 67% of those polled said they had long-term plans to buy their own home.

“In spite of challenges faced including legislation, rent arrears, and evicting tenants, it is evident that the majority of landlords want to remain in the sector because it provides a good source of income and an investment for retirement, making it a worthwhile endeavour,” says Suzy Hershman, Head of Dispute Resolution at mydeposits.

Matthew Hooker, Co-founder of Ome, says: “The results of the survey have highlighted the strengths of market and reinforces that the vast majority of tenant-landlord relationships remain positive.

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - 90% of landlords and agents say government has abandoned them | LandlordZONE.

Source : Landlord Zone More