A new report reveals that interest rates generally feel safe from their knowledge when entering the rental process, with 73% considering the financial known when it comes to interesting. However, detailed findings show some significant gaps in that knowledge.
About 46% of interest rates, for example, do not know how deposit protection schemes work, while 63% do not know how long it has been recovering their deposit of thesis schemes. In addition, 65% or interest rates do not know that there are rental schemes without deposit. And, while owners and rental accommodation suppliers in England are preparing for the bill for the rights of interest rates proposed to become law, 69% of their tenants have never heard of it.
Worryingly for the owners, 33% or the tenants report that they do not know what would happen if they pay their rental rent, while 58% would know what to do if they seem to pay. For those who live in shared homes or share a lease, 67% do not know what would happen if a household member does not pay their rent.
James Maguire, Director of Sales and Business Development, Housing Hand, who compiled the report, commented: “Knowledge gaps such as these create land for misunderstandings and potential problems. Open dialogue, clear and the provision of financial financial information in digive information between owners and tenants and help fill some of the GAP in understanding.”
When it comes to filling this knowledge void, 82% of respondents would have liked more financial education in school. Clearly, there is a lost opportunity in how young people not prepared for realities to administer their homes and finance when they leave formal education. Of the respondents, who included professionals who work students, 31% report who obtain information on the management of their finances related to the home of family members, while 15% obtain information from friends. 38% resort to the Internet to try to find the information they need, while 9% depends on social networks. Only 6% of interest rates obtained information on the management of the finance of their homes of their university and only 2% of their school.
The rental of rental services of the United Kingdom Housing House launched the new report to help better understand the rolers in 2025, combining the findings of a survey or more than 1,700 runners based in the United Kingdom with focal groups of in -depth tenants.
Graham Hayward, Managing Director of Housing Hand, said: “Our research finds that, although most private rolas are considered financially literate when it comes to renting, there are significant gaps in their known relationships. It is established to offer the greatest change to rent in a generation, the knowledge potential to cause problems increases exponently.
He added: “The Rolers rental bill is moving through Parliament to become law, but, as our report reveals, the tenants have had sufficient support to understand all aspects of their current financial commitments, much less opportunities.
