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Lettings Newsletter

With two new Housing Ministers and a new PM: What is in store for the Private Rented Sector

As the summer defined by record-breaking heatwaves being followed by torrential rain and storms starts to draw to a close, we hope the autumn weather will be a little more predictable. However, it is just a matter of days until Boris Johnson’s brand-new Government returns to Westminster, and speculation is mounting about just what may happen between in the 59 days between the 3 ...

Tenant demand increase, as supply of rented homes falls

The most recent HomeLet Rental Index released this month shows that rents across the UK have risen by 2.3% versus the same time last year; this is up from 1.8% in June. Meanwhile, our own data from June revealed that there has been a staggering 23% surge in the number of tenants looking to rent compared to the same time last year, however this is not being matched by supply - w ...

As the UK welcomes a new Prime Minister into Number 10 - what changes can we expect to see for the Private Rented Sector?

After a lengthy leadership battle, we finally have a new Prime Minister installed at No.10 Downing St as Theresa May passed the baton as Leader onto former Foreign Secretary Boris Johnson. Mr Johnson made a number of bold promises during his campaign, including a pledge to reduce the levels of stamp duty payable – and there is speculation he may go even further by switching the ...

When it’s time to say goodbye: A landlord’s guide to evictions

It’s inevitable that all tenancies must come to an end. In many cases, the tenant will call time – and this could be for a variety of reasons. Maybe they’re in a student home and their studies have ended; sometimes the tenant needed somewhere temporary to live whilst their own home was being built or renovated; or perhaps it is simply time to move on. Once the initial tenancy ...

Rents continue to rise whilst property prices continue to slow

The average rent in the UK is now £941 per month, up by 1.8% (£17) versus the same time last year The region with the largest year-on-year increase is Northern Ireland, showing a 4.7% (£30) increase on the same time last year When London is excluded, the average rent in the UK is now £781 per month, this is up by 1.8% (£14) on last year Average rents in London are now £1,611 ...

When and how to increase rents

The Private Rented Sector continues to be the go-to tenure for people of all generations, with an estimated 20% of all households privately renting a home. The sector used to be synonymous with low quality, and student housing - but renting a home has become the first choice for a growing number of older renters, particularly if they value ease and flexibility. According to th ...

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