Younger people to find property search more difficult
New research commissioned by the Residential Landlords Association (RLA) has found that younger people are likely to find it more difficult to find rented accommodation in the UK as an increasing number of landlords plan to cut back on tenancies for people aged under 25.
This change in lettings strategy is mostly to ensure that landlords have security of rental payment, with 79% of landlords who let to under 35s citing the higher risk of rent arrears as a reason for reducing numbers in this category. The research also found that 44% of landlords are not willing to let to students, while two thirds are not willing to let to under 35s on housing benefit or universal credit.
Full story available from PropertyWire: http://www.propertywire.com/news/uk/uk-landlords-set-avoid-younger-tenants-new-research-reveals/