New research suggests that despite an increase in activity following the spring lockdown, the UK’s rental market hasn't recovered as well as the sales market. As such, expectations are that average rents will decline by 1% in both 2020 and 2021. However, while that might be a disappointing outlook for some, separate data shows that many first-time buyers (FTBs) are now planning to remain in rental accommodation for longer amid coronavirus-related uncertainty, which is a positive for the lettings industry.
There’s nothing worse than finding your dream property and realising you’re up against a number of other potential tenants. Although it is always up to the Landlord as to who they choose to rent their property there is no harm in putting yourself in the prime position to be chosen. Here are few tips on how to get your offer accepted on a rental property.
As the country-wide eviction ban is now at an end and the UK's letting market continues getting 'back to normal', London's mayor Sadiq Khan is calling for a rent freeze to support tenants who continue to struggle amid the coronavirus pandemic. Residential rent levels in the capital have proved a popular topic for the mayor during his tenure, including his interest in rent controls across the city. However, while the idea of a rent freeze might appeal to some tenants, it could work to discourage Buy-to-Let (BTL) landlords and property investors from expanding their portfolios or even retaining their existing properties in the capital.
Being a Landlord is a brilliant career move. Being your own boss and earning a reasonable income for it is usually the dream for most people. However, if you’re wanting to push yourself to the next level here are a few tips to be a brilliant Landlord.
As the UK's lettings market continues to bustle after lockdown, data shows that just over one third of tenants moving into a new home are choosing to upsize and leave cities behind. Willingness to spend more on rent for an extra bedroom and more space has risen. Tenants opt for houses over flats where possible.
Being a Landlord can be complicated when your tenants do not cooperate. Communication is key in a professional relationship and should never be underestimated as it will prove extremely helpful if things turn sour. However, what happens when a tenant chooses to cut all ties and ignore a Landlord. What are a Landlord's rights if a tenant ignores them?