Published by the ‘Department for Levelling Up, Housing & Communities’ in May, this 59 page hefty document, includes chapters on the “profile of private landlords”; as well as “landlord attitudes and practices”; and “the impact of COVID-19 on landlords”. Reports such as these, have been done irregularly over the years, the last one was 2018 but the one before that:- 2010; 2006; 2003 and 2001 are the other mentioned surveys.
Created from a national survey of landlords and agents, who own or manage private rented properties in England, it states that “The private rented sector is characterised by diversity, and looks very different now, than it did more than a decade ago. The number of households in the sector, rose 45% between 2008-09 and 2020-21, from 3.1 million to 4.4 million households”. It has to be pointed out that all the figures the government are using in this survey, are based on the tiny number of participants in the survey………“roughly 900 individuals” is the way it is phrased.
Within this document the government state there are 4 million “live” deposits registered with one of the government Tenancy Deposit Protection Schemes, and this equates to an estimated maximum of 77% of the households in the private rented sector.
The following statements are direct extracts from the survey, please remember these are about 2021 only:
Just under half of all landlords owned one rental property, though nearly half of tenancies were owned by landlords with five or more properties.
• 43% of landlords owned one rental property, representing 20% of tenancies.
• A further 39% owned between two and four rental properties, representing 31% of tenancies.
• The remaining 18% of landlords owned five or more properties, representing almost half (48%) of tenancies
Landlords who operated as individuals, had smaller portfolios than those that operated as companies or organisations.
• More than four fifths (85%) of landlords operating as individuals had between 1 and 4 properties, with just under half (45%) owning 1 property.
• Fewer than half of landlords that operated as companies or organisations owned between 1 and 4 properties, with just 11% owning 1 property. More than half (56%) owned 5 or more properties.
On the subject of eviction, the survey states:
Landlords evicting tenants in the last year, most commonly did so by means of section 21 (no fault eviction) notice. About a quarter said they used a section 8 notice, meaning the tenant had broken the terms of the tenancy agreement 9.
• Over two thirds (67%) of landlords who evicted tenants, or asked them to leave in the last year, gave their tenants a section 21 notice. One in four (25%) gave a section 8 notice. This is the notice that landlords can give if tenants have broken the terms of their tenancy.
• Over one quarter (27%) said they asked their tenants to leave informally, and one in twenty (5%) offered to pay the tenants to leave.
On rent increases it states:
Landlords setting rents for new tenants, were more likely to increase rent above the level at which the property was last let. Landlords setting rents for renewals of existing tenancies, were most likely to keep the rent at the same level.
• For new tenancies, nearly half of landlords (45%) said they increased the rent compared to the previous tenancy, whereas 35% kept the rent at the same level, and 8% decreased the rent. 12% said that their most recent letting was the first time the property was let.
• For renewals of existing tenancies, 64% of landlords kept the same rent, 26% increased it, and 4% decreased the rent on renewal.