Landlords cautious of potty problems

Over a third of adults cautious of becoming landlords because of potty problems

A poll claims that 36% of UK adults feel that to become a buy-to-let landlord is ‘extremely risky’.

2,000 people were included in the survey and there were two major concerns over becoming a landlord because of tenants damaging the property and having to repair toilets – both came in at 63%. A close third reason for grave concern, was that 62% said loss of revenues would be incurred if the property experienced vacant periods.
The survey was carried out on behalf of a student property investment consultancy.
There are around 1.6 million UK buy-to-let investors which have risen by 120,000 in 2014. The survey also highlighted  39% of people polled  in London and 38% in the West Midlands believe that property market will continue to rise, whereas only 21% in the North East felt the same.
The pension reform is now upon us and this could mean a surge of new landlords entering the buy-to-let sector and the survey believes that out of the new investors, 1 in 8 would invest in student property.

Central Housing Group’s ‘Guaranteed Rent’ Scheme protects landlords from the substantial risk of rent arrears, vacant periods and tenant damage related issues (damage by fire & all other insurable risks excepted) referred to in this article. Our management service offers regular property inspections and, in the absence of holding tenant deposits, we also offer landlords the assurance of knowing that we will rectify any or all wilful or accidental tenant damage at our cost.

Our landlords are also paid an agreed monthly Guaranteed Rent for the duration of the term of their contract regardless of whether their property is occupied or not. Consequently, when letting their properties to us, they have complete peace of mind knowing they will not be impacted at all by the risk of incurring rent loss during void periods.

If you are interested in finding our more about our ‘Guaranteed Rent’ Scheme, currently operating in north, east & west London, please call us today on 020 8447 1222.

If you have any comments, please email the author of this article and click on the link above

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