{"id":236,"date":"2010-08-18T08:34:39","date_gmt":"2010-08-18T08:34:39","guid":{"rendered":"http:\/\/blog.legal4landlords.com\/?p=236"},"modified":"2010-08-18T08:34:39","modified_gmt":"2010-08-18T08:34:39","slug":"residential-renting-no-longer-the-poor-relative","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/residential-renting-no-longer-the-poor-relative\/","title":{"rendered":"Residential Renting – No Longer Poor"},"content":{"rendered":"

\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e<\/p>\n

An Englishman\u2019s home is his castle.\u00a0 These are the fine, noble sentiments us Brits grew up with.\u00a0 Any child of the 80\u2019s will have grown up with Thatcher\u2019s aspirations of home-ownership for the masses, thus conceiving the home-ownership trend that has revolutionised the property industry and dominated a social and cultural mindset for the last 30 years.\u00a0 That is until now.<\/p>\n

In comparison to average family salaries, paying the large deposits lenders now insist upon to validate in securing mortgages, home-ownership has become a mere pipe dream for anyone trying to step on that property ladder.\u00a0 The recession has not only resulted in financial consequences, but an end of an era. Social changes, values and aspirations will reach a turning point that will no doubt alter our views on housing needs, putting us on the similar lines with the rest of Europe.<\/p>\n

The emerging trend from all this has been the growth of the private rented sector, which data indicates is now worth a formidable \u00a3500bn in the UK of which 73% of properties are owned by individual landlords.\u00a0 While social housing and new builds are suffering, forecasting a housing crisis, it becomes evident that the future lies in the PRS.<\/p>\n

While once viewed as housing the poor and the vulnerable members of the population, the private rented sector is now supporting the housing needs of people from every class in the spectrum. Landlords are experiencing a decline in rental arrears<\/a> as tenant demand increases creating 5.5 tenants to each available vacant property allowing more choice of tenant for the landlord.\u00a0 Evictions<\/a> and notices are also declining suggesting a \u2018settling in\u2019 and acceptance of the recent shift in tenanted accommodation trends.<\/p>\n

Sim Sekhon, industry spokesman and senior partner for Legal 4 Landlords<\/a> said,<\/p>\n

\u201cJune saw our highest number of tenant reference<\/a> requests and our regional franchise opportunities<\/a> are selling faster than originally anticipated.\u00a0 It\u2019s clear that the increasing tenant demand is having a tremendous effect on all sectors operating within and around the private rented sector.\u201d<\/p>\n

Whether we like it or not, the UK is set to follow our European cousins, where countries like Germany, France and Italy who consider renting privately as the norm without any stigma or prejudice.<\/p>\n

By
\nMadalena Penny<\/p>\n","protected":false},"excerpt":{"rendered":"

\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e An Englishman\u2019s home is his castle.\u00a0 These are the fine, noble sentiments us Brits grew up with.\u00a0 Any child of the 80\u2019s will have grown up with Thatcher\u2019s aspirations of home-ownership for the masses, thus conceiving the home-ownership trend that has revolutionised the property industry and dominated a social and cultural mindset for the […]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[46],"yoast_head":"\nResidential Renting - No Longer Poor - Legal For Landlords<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.withcreative.co.uk\/lforl\/residential-renting-no-longer-the-poor-relative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residential Renting - No Longer Poor - Legal For Landlords\" \/>\n<meta property=\"og:description\" content=\"\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e\u203e An Englishman\u2019s home is his castle.\u00a0 These are the fine, noble sentiments us Brits grew up with.\u00a0 Any child of the 80\u2019s will have grown up with Thatcher\u2019s aspirations of home-ownership for the masses, thus conceiving the home-ownership trend that has revolutionised the property industry and dominated a social and cultural mindset for the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.withcreative.co.uk\/lforl\/residential-renting-no-longer-the-poor-relative\/\" \/>\n<meta property=\"og:site_name\" content=\"Legal For Landlords\" \/>\n<meta property=\"article:published_time\" content=\"2010-08-18T08:34:39+00:00\" \/>\n<meta name=\"author\" content=\"Joanna Plane\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joanna Plane\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.withcreative.co.uk\/lforl\/residential-renting-no-longer-the-poor-relative\/\",\"url\":\"https:\/\/dev.withcreative.co.uk\/lforl\/residential-renting-no-longer-the-poor-relative\/\",\"name\":\"Residential Renting - 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