Renters back landlords as YBS research reveals perception gap

Most renters report positive experiences with landlords

Section: Research

Satisfaction levels are high among tenants and at odds with the negative public perception of landlords, according to new research from Yorkshire Building Society (YBS).

YBS, of which Accord Mortgages is the intermediary lending arm, has discovered a “significant” disconnect in its findings.

A survey of 4,000 UK adults found 40% described their landlord as reasonable with another 40% regarding them as approachable.

Additionally, 36% felt their landlord was fair while 29% used the adjective “responsive.”

In contrast, a minority of tenants had negative experiences.

Only 9% said their landlord was negligent, 8% unresponsive, 7% unreasonable and just 5% exploitative.

The findings also highlight the sector's importance to the wider housing market, with 60% of those surveyed agreeing that the existence of private landlords is vital because they offer choice.

Meanwhile, nearly three-quarters (72%) agreed that renting provides flexibility for those who do not wish to buy a home.

When asked to describe landlords in their own words, respondents most commonly used positive terms such as ‘good’, ‘professional’, ‘friendly’ and ‘understanding’.

Tom Simpson, managing director of homes at Yorkshire Building Society (pictured above), said: “Landlords are often portrayed negatively in public debate, yet our findings show a very different picture among those with direct experience of renting, demonstrating a clear disconnect between perception and reality.”

"While standards must always be maintained and poor practices challenged, it’s important that their contribution is recognised.

"At a time when demand for rental accommodation continues to outstrip supply, we believe that landlords play a crucial role in providing housing choice and flexibility for millions of people."

Keywords: Yorkshire Building Society, YBS, Tom Simpson, Housing, Housing Shortage, Tenants, PRS, Landlords, Rogue Landlord, Affordability, Rent

Source: BTL Insider — https://btlinsider.co.uk/renters-back-landlords-as-ybs-research-reveals-perception-gap