The majority of landlords in England don’t use letting
agents to manage their rental properties, according to the latest English
Private Landlord Survey, covering 2018.
The Government report found that more than half (52%) of
landlords did not use a letting agent to let or manage their properties in
2018. A third (34%) used an agent for lettings services, while one in ten (9%)
used an agent for both letting and management services.
The remaining 5% only used an agent for management services.
These figures arrive ahead of the introduction of the Tenant Fees
Bill this year, which the industry believes will reduce the number of
landlords that use letting agents.
Under the new law, letting agents (and landlords) will be
prohibited from charging upfront fees to tenants. As a result, it is believed
that letting agents will increase their charges for landlords, in order to
recoup some lost income.
The Government research found that landlords that entered
the sector more recently were less likely to use a letting agent than longer
standing landlords. A third (32%) of those who had been a landlord for three
years or less were using an agent, while that proportion increased to almost
half (46%) amongst those that had been landlords for between four and ten
More than half (53%) of landlords who had been in the sector
for 11 or more years used an agent.
Comparing this to the Government’s previous data, in 2010,
43% of landlords stated that they had, at some point, used a letting agent to
undertake the lettings and management of their property portfolios.
It will be interesting to see how these figures change once
the ban is introduced, and its effects felt across the industry.
At the same time, landlords were asked whether they
currently or previously belonged to one or more of the main private rental
property professional organisations. The majority of landlords (75%) had no
current or previous membership of any group.
13% reported current or previous membership of the National
Landlords Association (NLA), while 9% were part of the Residential Landlords
Association (RLA). 5% reported current or previous membership of another
We remind all landlords of how valuable the services of both
letting agents and professional organisations can be in operating a successful
and compliant lettings business.