Illegal entry is the most common misdemeanor, reported by 25% of tenants, while 22% have experienced issues with essential safety or household appliances like smoke alarms, central heating or water supplies not working when moving in.
Washington in Tyne and Wear is seen as the best investment hotspots while Hartlepool, Sunderland and Newcastle are also strong areas.
For properties with an EPC rating of A or B the rate is 2.89%, and a C rating is 2.94%.
The lender is offering a 2 and 5-year fix starting at 2.65% and 2.99% to 75% loan-to-value.
At the end of the spectrum is London, where high house prices mean just 15% of property purchases are made with cash.
In what has been dubbed Renters’ Day, renters will meet MPs, tell them about their experiences and ask for their support in parliament.
Millennials – meaning those aged 25 to 40 – paid £24bn on rent this year, down 28% from a peak of 33.3% in 2017.
The number of new prospective buyers registering in August was 24% above the five-year average, while offers accepted are 32% higher over the same period.
This means that landlords will only have to give tenants two months’ notice before taking action when issuing Section 21 or Section 8 notices.
Lack of stock is a major concern for agents, with almost half saying that at least 5% of their landlords have left the sector over the last 12 months.
