History of Letting & Renting in Britain

Question 1

Britain has a long history of letting and renting, going back to at least ______ times.

Answer 1

Roman.

Question 2

What rough percentage of the population rented their accommodation in the early 1900’s?

Answer 2

90%

Question 3

Why did the percentage of the population who rented their accommodation decrease after 1915? How long did this downward trend continue until?

Answer 3

• Because of the implementation of the Rent Act which made rentals less profitable for landlords.
• 1990’s.

Question 4

In the 1990’s, the effects of the _______ ___ __ ____ started to kick in, which made it easier for _________ while still sufficiently protecting _______.

Answer 4

• Housing Act of 1988
• Landlords
• Tenants

Question 5

Which kind of mortgages, coupled with rising house prices, made investment properties very attractive to landlords in the 1990’s?

Answer 5

Buy-to-let mortgages.

Question 6

4 trends which have kept the demand for renting high?

Answer 6

1.) First-time buyers have not been able to save the deposits needed to buy their own home.
2.) Immigration.
3.) A workforce that changes careers and wants more flexibility.
4.) The number of divorces.