Rents soar by £221 in 3 years to outpace mortgage rises Renters have seen a greater increase in housing costs since 2022 than mortgaged homeowners. Rents rise £221 in 3 years compared to the £218 rise in monthly mortgage payments The average monthly cost of renting is now £1,283 compared to £1,154 for the average […]
Rents Increase By Over £200 Since 2022 To Combat Mortgage Rates Read More »
UK Finance has released its interest-only mortgages data for 2024 revealing a significant drop in in interest-only mortgage stock of 17% over the year. This analysis covers pure and partial interest-only homeowner mortgages as well as maturity and loan-to-value (LTV) profiles. The same review criteria also revealed a reduction by 78% in number and 61%
Insights Show A Significant Decline In Interest Only Mortgages Read More »
A renters bid for a rental flat in south-east London was initially rejected because she had a dog. When she offered to pay an additional £50 a month in rent, taking the cost of the two-bedroom flat to £1,450 a month, the landlord agreed. The practice of paying an extra fee each month in order
Renters Owning Pets Still Pay Surcharges: Upcoming Reform Could Change This Read More »
Rental inflation has slowed, which will be welcome news to renters. But there are still 12 people chasing every home for rent. Annual rent inflation for new lets is running at its lowest level for 3.5 years Rents have increase by 3% over the last year, down from 7.4% a year ago The supply and
How is the UK Rental Market? Read More »
The Renter Rights Bill now includes significant new clauses that will prohibit the payment of rent in advance and pre-tenancy rent payments. The new rules added to the Bill at the report stage on the 14th January 2025 affect every landlord, not just those who ask for large sums at the start of a tenancy.
Renters Rights Bill Introduces Changes to Advance Rent Read More »
Rents are starting to fall in parts of the UK, as the pace of rental inflation hits its lowest level in nearly 3 years. Rents start falling in London, Brighton, Glasgow, Nottingham and Worthing A third of London’s boroughs see rents come down Across the UK, rents are expected to rise by just 3-4% in
Rent Start to Fall in UK Cities Read More »
The new Labour government has introduced a Renters Rights Bill. So what does this mean for renters and landlords? The new Renters Rights Bill is designed to improve rights and protections for renters It will focus on improving the quality of rented homes But growing rental supply is ultimately the long term solution to giving
Renters Rights Bill – How will this affect renter and landlords? Read More »
The Renters Reform Bill has already passed through the House of Commons and entered the House of Lords. However with the recent change in political party how will this affect its timing? The Renters Reform Bill is one of the most significant legislation documents for private renters and landlords in the past 30 years. First
What is going on with the Renters Reform Bill? Read More »
34% of homes for sale are cheaper to buy than rent, with the average first-time buyer saving £93 a month on a mortgage instead of renting. A third of homes listed for sale or 34%, can be bought with a mortgage and repayments that cost less than the average rent in the same area Buying
On Average it is Now More Affordable to Buy than Rent in the UK Read More »
The highest yielding areas for buy-to-let property in the UK Considering becoming a landlord? One strategy for investment is to focus on higher yielding markets. Here are the top investor hotspots in the UK. If you’re looking for a buy-to-let property, rental yield can help you decide if the cost of the property is worth
Where are the best places to invest in the UK property market? Read More »
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