62% of landlords have an “ideal situation” with their tenants

In a recent survey, three-fifths of UK landlords revealed they have a good relationship with their tenants.

The survey, conducted by Hillarys, saw 2,302 landlords questioned about their experiences in letting property. Overall, 62% revealed they had no issues with their tenants, with regular mortgage payments and minor property damage contributing to an "ideal situation".

So is this the end of the nightmare tenant? Vincent Burch investigates.

According to the survey, 13% of landlords regretted letting their property, with many blaming problem tenants. What's more, 25% of respondents revealed they felt worried about their limited control over tenants and their treatment of the property.

But should landlords really feel nervous? Apparently so, suggests Hillarys: 41% of those surveyed admitted they had experienced difficulties with their tenants.

But what were the biggest grievances?

58% of landlords found tenants contacting them about minor or non-existent issues to be an incredibly frustrating experience. Also noted were unapproved home modifications (41%), neighbour complaints (26%), and late rent payments (18%).

An alarming trend (23%) was tenants causing damage, then expecting landlords to cover the costs. In fact, the average cost for repairs and maintenance once a tenant moves out was £210.

So while relationships between landlords and tenants have progressed, it seems there is still room for improvement—especially as 9% of respondents said they evicted tenants due to persistent issues.

Should you need it, your landlord insurance could offer valuable support.

Vincent Burch offers competitive and comprehensive insurance advice for let properties, covering occupied or unoccupied properties and all types of tenants, plus a wide range of cover options at competitively priced monthly premiums.

To find out more information about landlord insurance give us a call on 01603 340644. We will be happy to answer any questions you may have.

Contact us today for personal mortgage advice and a quote, call 01603 340644 or email [email protected]

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