Generation Rent criticises the lack of rent caps in the Renters’ Rights Bill
1 year ago | 3 comments
Renters rush to move in the next six months
12:03 AM, 22nd January 2025, 1 year ago
9
More than half of the UK’s renters are looking to move home within the next six months, research reveals.
According to the tenant app Tlyfe launched by OpenBrix, 57% of renters plan to move in 2025, with 59% of those intending to do so within the next six months.
And 13% of tenants have plans to move immediately.
The most common reasons for moving include issues with their current property (21%), the desire for a larger home (16%) and an inability to afford their current rent (14%).
While the Renters’ Rights Bill aims to improve tenant protections, 58% of those surveyed said they won’t delay their move plans until it becomes law.
Tenants looking to move
The chief executive of OpenBrix, Adam Pigott, said: “Competition for rental properties is fierce and this demand is only set to grow further as we see the usual surge in market activity from tenants looking to make their move for the year ahead.
“Such is their desire to move, that the majority will be doing so before the Renters’ Rights Bill comes into play and, given the lack of stock to meet rental demand, this is probably a smart move if they hope to find a suitable rental property without little complication.”
He added: “However, it’s clear that many tenants simply aren’t ‘rent ready’ and this could put them at a severe disadvantage against the competition.”
Haven’t saved for a deposit
Despite their eagerness to move, researchers found that many renters may not be adequately prepared and 39% believe they are ready to move immediately.
However, 51% haven’t saved enough for a deposit and 30% lack essential paperwork such as Right to Rent documentation.
Only 45% have identified their desired area, 21% have registered with mailing lists and 17% have contacted letting agents.
Also, 11% of renters who are planning a move this year are utilising third-party apps to maximise their preparedness.
Tags:
moving home, OpenBrix, Property market, rental deposit, Rental market, renters rights bill, tenant preparation, Tenant rights, tlyfe, UK renters
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Fewer than 10% of homes will be SDLT free from April
Member Since May 2024 - Comments: 73
10:05 AM, 22nd January 2025, About 1 year ago
What muppet wrote this? Are you suggesting that two million houses are going to be emptied, cleaned, serviced, redecorated and relet in the next six months!
Member Since July 2013 - Comments: 90
11:29 AM, 22nd January 2025, About 1 year ago
This is utter drivel. How many people were surveyed? In which areas? Age Group? Sex? Jobs? Over what period surveyed? How?
Member Since October 2022 - Comments: 200
12:02 PM, 22nd January 2025, About 1 year ago
I doubt that many landlords will be agreeing with this!
Member Since January 2025 - Comments: 2
4:20 PM, 22nd January 2025, About 1 year ago
Reply to the comment left by Peter Merrick at 22/01/2025 – 12:02
If it’s anything like Scotland’s reforms I doubt their will be any landlords left.
Member Since March 2022 - Comments: 363
6:22 PM, 22nd January 2025, About 1 year ago
They can move out of mine, the sooner the better
Member Since January 2023 - Comments: 3
9:49 PM, 22nd January 2025, About 1 year ago
Ludicrous article
Member Since March 2023 - Comments: 1506
8:28 AM, 23rd January 2025, About 1 year ago
This is why data analysts get paid a lot of money, they can take any sample size and manipulate the results the client want. What was the sample size for this one , bet it was less than 2000
Member Since December 2024 - Comments: 1
9:06 AM, 24th January 2025, About 1 year ago
There is very little talk of bad tenants,, my last tenant removed fire doors, called out a plumber to remove hair from the shower plug hole, then left the place flee infested, with an overall bill of £8000.
Member Since March 2022 - Comments: 363
9:33 AM, 24th January 2025, About 1 year ago
Reply to the comment left by Neil Cuthill at 24/01/2025 – 09:06
The populist narrative promoted by Shelter Generation rent etc.and believed by the Government is that all tenants are angelic, well behaved, pay on time, but live shaking in fear over what their evil landlords will do to them next.
Most long standing Landlords will have some sort of horror story. Mine involved drug dealers. It is only when it happens to you that you realise how the odds are stacked against you. It can take months to get people out with any small paperwork hitch delaying or putting a stop to the process and you might as well whistle in the wind to get any recompense from tenants for any damage.