Almost one third of landlords (32%) would be less likely to buy new rental property if the government were to introduce compulsory or default three-year tenancies, Paragon’s latest PRS Trends research has found.
Asked if the introduction of a compulsory three-year tenancy would make them more or less likely to consider certain tenant types, the highest proportion of landlords said they would be more likely to consider older couples (36%), retired people (29%), families (25%) and older singles (25%).
John Heron, director of mortgages at Paragon, said: “Landlords are highlighting that the diversity of the tenant population calls for a diversity of tenancy arrangements. While some groups value greater security, many other tenants favour flexibility.