Posts Tagged ‘rent’
Shelter reveals how hard-pressed private renters need to borrow to pay their rent.
In a latest survey conducted by Shelter, they reveal that 1 in 3 renters on low incomes, which adds up to almost half a million people are having to borrow money in the form of credit cards, overdrafts or friends and family to be able to pay their rent. According to a Shelter analysis of…
Read MoreIs the cost of rent rising?
2015 saw the cost of rent continue to rise, but could things be set to change for the better? At the end of April, the Office of National Statistics reported that the cost of rent in the UK had risen by 2.6% over the last year. In the same period, average weekly earnings grew by…
Read More1000 new built for rent homes for London
Recent press release from the Department for Communities and Local Government, Homes and Communities Agency and Brandon Lewis MP headlined ‘Boost to London Housing from 1000 homes Built to Rent’. Two multi-million pound deals that will see over 1,000 new homes built in the capital specifically for private rent have been welcomed by Housing Minister…
Read MoreWhat do you look for when finding a house to rent?
Many people assume that most aspects of the rented property will be taken care of by the landlord, but that isn’t always the case. Often this can leave you with a large cost if you haven’t done your research properly before signing on the dotted line. There are many things that people don’t always consider…
Read MoreHealthier returns for Landlords
According to the latest Buy-to-Let Index from Your Move and Reeds Rains, taking into account both rental income and capital growth, the average landlord in England and Wales has seen total returns of 12.0% over the twelve months to January, this figure is up from 11.25% in the twelve months to December. Reed Rains and…
Read MoreAlarmingly high cost of renting for First-time-Buyers
The average First-time-buyer will have spent nearly £53,000 on rent in their lifetime before they have saved enough to buy a home, in London that figure rises to almost £70,000, according to new research. According to the Association of Residential Letting Agents (ARLA) in its Cost of Renting report, the average first-time buyer will have…
Read MoreLandlords: How to get more from your property.
For a lot of landlords renting out a property can be a big investment. You will want to get your property out there and make as much profit as possible. So if you find yourself asking “How do can I increase my income from my rented property?” – take a look at our tips below.…
Read MorePrivate tenants struggle to pay rent.
According to a recent article in The Guardian, the charity Shelter say that over half of private tenants are struggling to pay their rent. The survey revealed that 15% of private renters are worried about paying their rent this month and that nearly a third, have had to cut back on winter essentials such as…
Read MoreCalls for rogue tenant blacklist
Landlord Action the tenant eviction specialist is calling for a list to be drawn up similar to that drawn up by the government for persistent rogue landlords and letting agents, it is currently suggested the blacklist of rogue landlords and agents would be available to local authorities and central government, enabling them to keep track…
Read MoreRise in numbers for affordable housebuilding.
The latest figures from the Department of Communities and Local Government released yesterday show 66,640 new affordable homes were delivered in the last year, this is the highest increase in affordable housebuilding in 22 years. Numbers of new affordable and social rented homes up by nearly two-thirds in the last 12 months and over 270,000…
Read MoreRent Smart Wales now launched
With around one in seven homes in Wales now privately rented, the Welsh Government housing minister Lesley Griffiths today launches the “Rent Smart Wales Scheme”, this scheme is meant to uphold standards in the private rented sector. The aim of the licensing scheme is to improve the image of the private rented sector, all private…
Read MoreRenters move out of town to buy.
According to research by Countrywide plc, the UK’s largest property services group, renters who bought a home in the last year, did so in locations where the average house price was £35,000 lower than where they were renting, this was £93,000 lower for London renters. As house prices rise faster than rents, an increasing number…
Read MoreLack of housing supply
The lack of housing supply is a story that just will not go away, numbers of properties currently available per estate agent have fallen again from 55 in July to 38 in August, we are actually at an 11 year low for properties available. Where we look to find the reason for the imbalance at…
Read MorePrivate Rented Sector Booms in Scotland.
Declines in home ownership and a reduction in social housing have fuelled growth in Scotland’s private rented sector over the last year, and the recently published Scottish Household Survey revealed that the proportion of private rented households has grown from 5% in 1999 to 14%, some 266,000 properties. As the private rented sector in Scotland…
Read MorePrivate sector rent controls in Scotland
Nicola Sturgeon is an advocate of rent controls, she has outlined plans in the Scottish Parliament to introduce them through a Private Tenancies Bill, personally I have always thought some form of rent control would be the most sensible way of keeping a cap on private sector rents, however this method of controlling rents should…
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