Tuesday, 8 August 2017

Landlords Cut Back On Renting To Young People

Younger people will have more difficulty finding rented accommodation in coming months as a substantial proportion of landlords actively cut back on renting to under-35s. Although nearly all landlords are willing to rent to under-35s, nearly a third are changing their letting strategy, mostly to ensure that they have security of rent payment. These are the findings of research involving nearly 2,000 mostly individual private landlords. The research found that 79 per cent of landlords who let to under-35s cited the higher risk of rent arrears as a reason for reducing the numbers in this category that they took on as tenants. Read more on the RLA website.

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