More than half of tenants are not happy with the place they have chosen to live, new research from mortgage and loans provider Ocean Finance shows. The survey found 61 per cent of renters were unhappy with their homes, probably because a big number of tenants admit to have rushed into a deal. In fact, nearly a third […]
More than half of tenants are not happy with the place they have chosen to live, new research from mortgage and loans provider Ocean Finance shows.
The survey found 61 per cent of renters were unhappy with their homes, probably because a big number of tenants admit to have rushed into a deal.
In fact, nearly a third (32 per cent) of tenants said they were in a hurry to find a place to live.
As it becomes harder for people to buy their own home, many flock to the private rented sector, where they rush to close a deal which they later end up to regret.
A fifth of tenants say their home is too small and they wish they had rented somewhere bigger. Almost as many people (19 per cent) say they feel cold in their rented accommodation.
Around a tenth of tenants say their biggest regret is the location of the property, with a further 7 per cent complaining about a lack of outdoor space.
For some people it isn’t the property itself that is the problem, as 1 in 8 (13 per cent) say that they are unhappy with their neighbours and 1 in 9 (11 per cent) have remorse because they can’t afford their rent.
Ian Williams, a spokesman for Ocean Finance, comments:
“The rise in demand for rental properties is putting pressure on tenants to rush into taking properties that they spend the rest of their tenancy regretting.
“If you’re only planning to stay on a short-term lease, you may be less concerned about space or central heating. If you’re planning a long-term let then do some careful thinking about how your situation might change during your tenancy and ensure you have enough space, that the property is in the right location and well-maintained. And importantly, be sure that you can afford it.”
