As the UK Government battles growing criticism on various fronts, watchdogs and industry bodies are sharing their dissatisfaction. A recent report from the National Audit Office (NAO) suggests government regulation of the Private Rental Sector (PRS) makes it unfair towards renters. That's a view that lettings professionals and even some MPs have shared in the past week or so.
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As gas prices continue to climb, many tenants are becoming increasingly concerned about their energy costs. Some argue that, however careful they are about their usage, their ability to keep bills under control is hopelessly compromised in less energy efficient properties – and that landlords should be doing their bit by making upgrades where necessary.
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As we near the end of a whirlwind 2021, many people are considering their plans for the coming year, including potential investment options. If Buy-to-Let (BTL) investment is on your wish list for 2022 - as a new landlord or expanding your existing portfolio - then some recent research might be helpful. An annual BTL city tracker details some key elements property investors look for, giving you a good idea of what kind of price you can expect to pay and also the potential yield you could secure.
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Relocating to a new area is one of the biggest decisions a person can make. Whether you are a student about to leave for University, a couple moving for future job prospects or a family wanting a change and better quality of life. There is no one reason to make such a big change.
When it comes to paying rent, the word affordability is often used to describe different areas. Rents in central London aren't considered affordable for the majority of workers, while the outskirts of the city is more affordable for a larger number of people. However, a proptech firm has described affordable rent as 50% of earnings, a claim which some may not agree with.
While its common to read and hear about how expensive renting is in the UK and that its set to get more expensive in the future, it's less usual to hear that rental costs rises aren't as high as they could be. However, recent research has highlighted that even though rental costs have risen, the increase in rental deposits is much lower than price rises of other costs faced by many Britons.
If you're aged between 30 and 44, you're more likely to be living in the Private Rental Sector (PRS) than ever before. However, data also shows that the average monthly rent in the UK, has declined. Recent research highlights that most age groups are now more likely to live in PRS accommodation than 20, or even 10 years ago. And while rents have been rising over the past few years, the latest figures suggest a mild reversal of that trend.
New research has some good news for the UK's army of tenants, as the cost of renting calculated as a proportion of average incomes has fallen between 2019 and 2016. Given that rents have actually been on the rise during much of that period, the findings of the research from the Deposit Protection Service, (DPS) might come as a bit of a surprise.
Average UK rents rose in 2019, as a lack of available properties to satisfy tenant demand pushed them higher. Ongoing Brexit and political uncertainty combined with changing regulations worked to weigh on investor demand for property. However, while tenants will likely face higher rents for some months, research suggests there are signs that Buy-To-Let (BTL) investors are now showing interest in investing anew in the sector.
A big thank you from us to all tenants past and present for their kind words about RentGuarantor.com!”
The process was so quick and easy and even when I did find the technical things difficult there was always someone on hand to guide me through, step by step. Would definitely recommend using rent guarantor and I will no doubt do it again in the future
A bit taxing at first but got there in the end helped all through the process came out on top in the end Thanks
Love the service very quick in less than 24 hours I was approved thanks for your hard work.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsed in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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