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Rent increase ruling by First Tier Property Tribunal?

Hello, After a very long 7 months of trying to increase the rent on my property, which involved paper submissions, an inspection and a subsequent hearing, the First Tier Property Tribunal returned a decision agreeing to an increase in rent for my tenants.

Rental market rebounds as pandemic deals expire

The number of properties available for rent has increased by 45% compared to last year, reaching the highest level since Covid, Chestertons reports.
The London-based estate agency attributes this surge to the expiry of many three-year contracts that te…

Scottish rents soar despite rent cap law

The Cost of Living (Tenant Protection) (Scotland) Act 2022, which aimed to protect tenants from excessive rent increases, has failed to prevent new rents from skyrocketing in Scotland.
According to Citylets, a leading lettings portal, new rents have r…

Tenants see rents hit record highs in 2023 – ONS

Tenants in the UK are feeling the pinch as private rent prices reached record highs in the year to December 2023, the Office for National Statistics (ONS) reveals.
The ONS reports that rents rose by 6.2% last year

Rent rises set a record in 2023 amid landlord costs and housing shortage

Renters in the UK paid an extra £1,488 per year on average in 2023 as rent prices soared by a record high of 10.2% year-on-year in December, according to a new report.
The research from Hamptons, found that rent prices broke 2022’s record of 7.7%.

Landlords eye expansion as BTL market stays strong

More than a quarter of landlords are looking to expand their property portfolios in 2024 because the UK’s buy to let (BTL) market is resilient, a study reveals.
The survey by Butterfield Mortgages questioned 2,000 UK adults about their BTL plans …

Landlords are owed an average of £725 in arrears

A survey has found that nearly 60% of UK landlords have seen a rise in late rent payments due to the current financial situation, and that landlords are each owed an average of £725 in arrears.
The research from digital mortgage lender Molo also reveal…

Rents fall slightly in December to offer tenants ‘a minor win’

The UK’s rents for new tenancies dipped by 0.9% in December 2023, reaching £1,268 which is still 8.01% more than the same month in 2022, the HomeLet rental index reveals.
The average rent, excluding London, was £1,061, a 0.5% decline from Novembe…

Landlords fear rising costs and rent arrears in 2024, survey reveals

The top worries for landlords in 2024 have been revealed in a survey which found that rising mortgage payments and interest rates are the number one concern.
Molo, a digital mortgage lender, asked landlords to select their biggest worries from a list o…

Flatshare rents begin to fall as market stabilises

Flatsharing Londoners have seen their rents drop for the second month in a row, after reaching an all-time high in October, new figures from SpareRoom reveal.
The flatshare site’s data shows that the average monthly room rent in the capital was £…

Renters face higher rents and fewer choices in 2024, Rightmove warns

Tenants face the prospect of rents rising even higher this year and the number of homes to rent will continue shrinking, Rightmove says.
The UK’s largest property website is predicting that rents will increase by 5% outside London and 3% in the c…

Renting artists and gamers strive to portray landlords in a bad light

The housing crisis has sparked a wave of ‘creative resistance’ from renters who are using music, video games and novels to vent their anger and frustration, the Guardian reports.
In Manchester, a record label has challenged musicians to create an alter…

City’s rents soar as council licensing schemes backfire, landlord claims

A landlord who provides homes to hundreds of homeless benefit tenants says council licensing schemes are making rents rocket and forcing people onto the streets.
Mick Roberts, Nottingham’s biggest private provider for this group, told the Notting…

Rural renters hit hard by rising rents

Rural renters are bearing the brunt of rising rents which are rising quicker than the average rent price, a new survey reveals.
The TDS Charitable Foundation interviewed more than 2,000 private tenants across England and found that rural renters saw th…

Renters face affordability crisis despite LHA boost

Low-income renters in England will struggle to afford their homes even after the government’s recent benefit boost, a campaign group has warned.
Generation Rent said that the increase in Local Housing Allowance (LHA) announced by Jeremy Hunt in t…

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