Property maintenance top list of landlord concerns

Jessica Nangle

October 14, 2019

Property maintenance tops the list of issues that keep landlords awake at night according to a specialist report from The Mortgage Lender.

The report, entitled ‘Buy to Let: The Landlord Experience’, found three in ten landlords listed property maintenance was their main concern.

Tenant behaviour, care of the property and finding tenants made the top ten worries of property owners.

One in four landlords said they were not experiencing any issues whilst one in 50 was concerned about enhanced underwriting for portfolio landlords.

One in 20 landlords cited Brexit as a concern.

Peter Beaumont, chief executive at The Mortgage Lender, said: “It’s not surprising landlords are being kept awake at night by maintenance issues.

“The most common problems can be expensive to fix eating into profit margins that have already been eroded over the last few years by changes to taxation and the fees landlords are able to charge tenants.

“The new Homes (Fitness for Human Habitation) Act 2018, which came into force on 20 March has further highlighted the need for landlords to maintain their properties.

“Failure to do so could result in court proceedings where the tenant could be awarded damages if the property does not meet the standards required by the act.”

One in four landlords said they were not experiencing any issues whilst one in 50 was concerned about enhanced underwriting for portfolio landlords.

One in 20 landlords cited Brexit as a concern.


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