One in six landlords have allegedly lost tenants who have taken advantage of new five per cent deposit mortgage schemes.
Online agency Accommodation says some 17.6 per cent of landlords questioned have lost tenants directly due to the scheme opening up the property market for many as it makes buying more attainable.
It says the combination of the easing of lockdown, the low deposit option and the extent of the stamp duty holiday has led to a huge increase in demand in properties - meaning that some 36 per cent of landlords now say it’s more difficult to source new investment units as a result.
Aaron Short, founder and chief executive of the agency, says: “It is great to see the new mortgage deposit scheme having a positive impact for tenants and the property market being so buoyant in the wake of the pandemic.”
Accommodation describes itself as “a next generation letting agency, built on great people and great technology to help streamline the rental experience, making it better for everyone.”
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