Generation rent: the great debate
As more and more young people are priced out of the property market, the private rental sector is booming. But as renting increasingly becomes the norm for more people, how do landlords adapt to the changing needs of tenants?
As campaigners for tenant rights call for '5 year tenancies', tenants are not just looking for houses to rent anymore, they are looking for homes to rent. But have landlords adapted to this shift in mindset? And as the tenant/ landlord relationship becomes more long term, have tenants become more demanding as a result and can landlords keep up? Has the 'rogue' landlord been squeezed out? Or has the term always been applicable to very few landlords, giving the majority a bad name?
Coupled with the rise in the 'accidental landlord', landlords who inherited a property perhaps or couldn't sell so resorted to letting their property out, the private rental market is experiencing considerable developments as a result.
What needs to happen to re-balance the situation? Are landlords too complacent, relying on short term tenancy agreement and unprepared for long term tenancy agreements? What are the cost implications of being a bad landlord? And are landlords prepared for when generation rent really kicks in?
To debate this and more, and to avoid being labelled a bad landlord which has costly consequences, log on to our live and interactive Web TV show hosted by Property Editor Julian Knight, with a panel of experts including Sean Hooker from my|deposits and Kevin Allen from The National Private Tenant's Organisation.
About the authorEddie Hooker has been involved in the insurance industry since 1985. He worked with many large insurers such as Legal & General and AXA Insurance prior to setting up his own insurance business, Hamilton Fraser, in 1996. Hamilton Fraser now employs over 130 staff out of their North London office, dealing with various insurance products for the buy-to-let property market such landlord insurance, rent guarantee insurance, emergency cover and tenancy deposit protection.
Eddie and Hamilton Fraser Insurance first started to provide landlord insurance as early as 1996 when they became involved with the Small Landlord Association, which later became the National Landlords Association.
By working closely with the industry’s leading companies Eddie and his team have built up a detailed understanding of the landlord market ensuring that the customer experience is founded on knowledge and support. This has been highlighted in a recent customer survey that found that 95% of Hamilton Fraser customers were either satisfied or more than satisfied with the service provided by the company.
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