The Reposit Landlord Perspectives Survey

31 October 2017 6830 Views

In the past 20 years the UK private rental sector has exploded! The sector has grown from under 10% of housing stock in 2000 to now over 20%. In the capital the trend is even more striking; in 2000, 60% of Londoners were homeowners, but by 2025 this will have reversed, 60% will be renters with just 40% owning their own home. Despite a slight wobble in early 2017, UK rents have been on a steady rise, proving there’s much to gain from renting property in 2017 and beyond.

The UK is home to an estimated 2 million private landlords owning approximately 5 million properties. With a ban on tenant fees meaning agents will no longer earn money from tenant services, landlord perspectives are more important to letting agent revenues than ever before!

However, very little is known about UK landlords’ attitudes toward the lettings market and their relationships with their own agents. What makes a landlord leave an agent, and do they feel their fees are fair? Would better service elsewhere tempt them away, and would they leave if fees increased after the tenant ban? 

We asked our partner agents about the questions that mattered and surveyed over 600 UK landlords to get their perspective on agency service, fees and legislation.

Highlights:

●      Over 50% of landlords say they are willing to leave their current agent! Learn how to keep your landlords happy and exploit your competitions' failures to win new business

●      Two-thirds of landlords have paid unexpected costs through letting property: improve your transparency and avoid having a landlord leave over your fees

●      41% of landlords have left an agent in the past: discover the top reasons landlords leave agents to avoid losing your vendors

●      Plus find out how landlords prefer one-off or monthly payments, what makes a landlord choose an agent and if landlords are expecting their fees to rise as a result of the tenant fees ban

Click here to read the full results from over 600 UK landlords

Questions about the report? Email jessica@getreposit.uk