Almost one third of landlords say they would be less likely to purchase new rental property if compulsory or default three-year tenancies were introduced, according to a study by Paragon.
In its PRS Trends research, the bank surveyed 200 landlords following the government’s recent consultation, ‘Overcoming the barriers to longer tenancies in the PRS’.
When asked if the introduction of a compulsory three-year tenancy would make them less likely to consider certain tenant types, 36% of landlords said they would be more likely to consider older couples, followed by retired people (29%), families (25%) and older singles (25%).