Half of tenants worried about their housing situation

Published in Lettings on 3 February 2021 by our Marketing Team

This article is over 5 years old

It’s recently been found that 50% of UK tenants have expressed anxiety about their housing situation, with the most common concerns including unemployment and rent increases.

Whilst research from Aldermore Bank suggests that 41% are worried about their financial security.

In a time where a home is more important than ever, the impact of the pandemic is taking its toll on our mental as well as physical wellbeing, which is where we need to communicate with one another more than ever.

Encouragingly, 74% of tenants have spoken about the positive support their landlords have given them during these times.

Listening to their tenants’ concerns is an important part of being a landlord and it’s clear that many are fulfilling this role.

What help is available?

If landlords are struggling financially or they’ve seen a dip in their rental income, they can explore such avenues as a mortgage payment break with their lender, if it is deemed as necessary.

A quarter of those renting have decided to look for a property to buy and are actively saving for a deposit on a home, but the majority have had to delay or postpone their plans due to the current climate.

Whether it’s to buy or rent elsewhere, many tenants are considering moving due to their current accommodation not having the facilities they’d like.

The main features that tenants desire include: a bigger kitchen (32%), more living space (27%) and a more energy-efficient home (25%).

If you’re looking for a different home to rent or are interested in buying, get in touch with our team.

This article was originally published by BriefYourMarket and is reproduced here with their permission.

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