Recent changes to mortgage tax relief rules and stricter mortgage criteria is leading Landlords to abandon their estate agents to find their tenants on their own in order to save on monthly costly fees.

LetBritain has conducted a survey which found that 67% of the countries landlords would consider using private websites to find tenants in order to avoid monthly fees.

Almost a quarter (23%) of landlords have claimed they have lost hundreds of pounds at times where the estate agents failed to find them tenants.

The survey has also found that 37% of landlords do not believe the UK rental market is fit for purpose, with this number rising to 50% within London.

The Founder and CEO of LetBritain, Fareed Nabir, says: “Today’s research presents a number of concerning insights into the difficulties faced by Britain’s vital landlord community. It is obvious that landlords up and down the country feel let down by the current property letting system.”

“Clearly, a faster, more affordable and transparent system is required to support the market of 2017 for both landlords and tenants,” adds Nabir.

Read more: Majority of landlords to remain with their agent following tenant fees ban

Earlier in the year reports emerged following the news of the tenant fees ban, that 71% of landlords who use the services of an estate agent will continue to do so even if their premiums will rise. 8 out of 10 landlords in March believed that their letting agent will raise their fees.

Landlords should be aware using lettings agents might become more expensive as tenant fees ban will be introduced.

If you are considering finding your tenants on your own make sure you get them referenced with our  great value Tenant Referencing service – call us on 0800 294 4522!