The majority of landlords in the UK are finding it hard to keep up with the raft of regulatory changes and get to grips with complex compliance issues that have affected the private rented sector.
New research reveals that almost one in 5 landlords, that is 18.2%, said they find it impossible to keep up with constant regulation changes with a further 29.9% saying they find it very difficult and another 31.2% finding it quite difficult.
There are over 145 individual laws and more than 400 regulations relating to the private rented sector, making it harder than ever for landlords, particularly accidental landlords to keep up with change and compliance.
The survey from property marketplace The House Shop found that just 5.4% found it fairly easy to keep abreast and 3.6% found it was very easy, while 11.7% said it was neither easy nor difficult.
According to Nick Marr, co-founder of The House Shop, the survey results clearly show that landlords are being overwhelmed by the sheer volume and complexity of rules and regulations in the rental market.