walsall tenants

Walsall Homeowners – Is your mortgage paid off?

The Government’s Annual Housing Survey is 50 years old this year. It has taken a snap shot of the UK’s property market every year since 1969 and in the recently published report for 2018, it wasn’t a surprise that owner occupation is still the most predominant tenure, yet now more people own their home without a mortgage rather than having a mortgage as the number of people buying their first home (obviously with a mortgage) has declined since the Millennium. The report also shows homeowners (mortgaged and owned outright) are, on average, older than renters and between the homeowners themselves, those who are mortgage free are older than those with a mortgage.

Looking at the most recent data for Walsall, I wanted to see how we compared to the national picture. Therefore, focusing on the main 4 tenures of owned outright, owned with a mortgage, social housing (i.e. Council Housing and Housing Association) and private rented, this is what I found out…

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Over the weekend I had an email from one of my Blog reading friends. I thought I would post this below and discuss in this week’s Blog post as it may benefit the rest of my friends who follow the Walsall Property Blog…

Landlord’s Question:

”Dear Salek,

Over the past two years I have had three different tenants in my rental property in the Delves area of Walsall. At first each of them came across like ideal tenants. However, not long into each of their tenancies, problems started to arise. To cut a long story short, between the three tenancies there have been months of non-payment, plenty of damage to the property and harassment (in the sense that I was called over 40 times in the space of 4 weeks with requests to change light bulbs, locking themselves out of the property etc).

Why am I attracting these tenants? Is this a common thing with being a Walsall landlord?’’

My Response:

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