13 Nov

Survey finds positive relationships between landlords and tenants

Survey finds positive relationships between landlords and tenants

The majority of landlords and tenants enjoy a good relationship, a new poll has revealed.

Figures from the Deposit Protection Service (DPS) show that 84 per cent of renters get on well with their landlord, with a quarter of respondents saying the relationship is 'fantastic'.

According to the DPS, it is "no surprise" that most buy to let investors and their tenants have a strong relationship as 250 landlords a day are signing up to the organisation's deposit protection service.

Kevin Firth from the DPS added that while these figures are very positive, it is still prudent to do some research before becoming involved in the sector.

"It's vital to ensure that you undertake good research to pick the right tenant or landlord in the first place - make sure you know who you're dealing with," he advised.

Buy to let landlords may be encouraged to discover that the latest inflation report from the Bank of England has suggested that inflation is likely to fall sharply in the coming months.

This could cause the Bank's monetary policy committee to cut the interest rate further still and in turn lead to a greater availability of cheap mortgages.
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