Tag: affordability

UK’s housing market booms as prices stabilise

Author: Property118.com Landlord News Team

29th April 2024, 2 years ago | 2

The UK’s housing market is experiencing a sales boom with a 12% increase in agreed sales compared to last year,...

BTL market shows signs of stability after months of decline

Author: Property118.com Landlord News Team

22nd April 2024, 2 years ago | 0

The buy to let mortgage market appears to be stabilising after a period of significant product reduction, according to new...

Rent rises outpace earnings to hit tenant affordability

Author: Property118.com Landlord News Team

18th April 2024, 2 years ago | 2

Over the past 10 years, the cost of rent has significantly outpaced wage growth, leaving many tenants struggling to afford...

Universal Credit claimants face housing affordability crisis despite benefit increase

Author: Property118.com Landlord News Team

4th April 2024, 2 years ago | 4

Universal Credit claimants face a severe shortage of affordable rental properties, with a recent rise in housing benefit failing to...

First-time buyer numbers surge in 2024

Author: Property118.com Landlord News Team

2nd April 2024, 2 years ago | 0

First-time buyers are a driving force in the housing market this year, making up a record one-third (33%) of all...

Rent growth slows as rented homes take longer to let

Author: Property118.com Landlord News Team

19th March 2024, 2 years ago | 1

The rate of rent increases is slowing down, but tenants are still facing significant rises, the latest data from Hamptons...

Young renters priced out by deposit and rent costs

Author: Property118.com Landlord News Team

31st January 2024, 2 years ago | 4

The harsh reality of renting in the UK for young people has been revealed by a report which highlights that...

The most affordable rental cities in Britain revealed

Author: Property118.com Landlord News Team

29th November 2023, 2 years ago | 0

The major cities that currently have the highest level of affordable homes for tenants that are at or below the...

Renters face affordability and eviction worries amid rising costs

Author: Property118.com Landlord News Team

14th November 2023, 2 years ago | 2

The most popular search terms among tenants in the UK are reflecting growing concerns over affordability and eviction, research reveals....

The Bank of Mum and Dad help tenants with deposit costs

Author: Property118.com Landlord News Team

27th September 2023, 3 years ago | 4

Nearly half of tenants (49%) consider the cost of the deposit when renting as being the biggest obstacle when searching...

London is now unaffordable to graduates – every postcode is a ‘no-grad zone’

Author: Property118.com Landlord News Team

20th September 2023, 3 years ago | 0

London is now unaffordable to graduates, with every postcode in the capital a ‘no-grad zone’ thanks to sky-high rents, new...

Rent deposits eat up more than half of the average monthly income

Author: Property118.com Landlord News Team

15th September 2023, 3 years ago | 2

The average renter in the UK must spend 64% of their net monthly income just to pay the deposit on...

Tenants see rent affordability hit the worst level in 10 years

Author: Property118.com Landlord News Team

14th September 2023, 3 years ago | 0

Renters in the UK are facing the highest level of rental affordability in a decade as demand for rented homes...

Difficulties remortgaging due to higher interest rates affecting lenders affordability criteria

Author: Mark Alexander

28th May 2023, 3 years ago | 14

Many landlords are reporting that it has become increasingly difficult to remortgage as a result of higher interest rates affecting...

Tenants reluctant to access new Renters’ Reform Bill rights

Author: Property118.com Landlord News Team

26th May 2023, 3 years ago | 11

The tightening supply of homes to rent and affordability issues mean many renters will be reluctant to access their new...

A third of renters are spending more than 50% of their wages on rent

Author: Property118.com Landlord News Team

24th May 2023, 3 years ago | 8

Research reveals that 81% of renters in the UK are spending more than 30% of their take-home pay on rent...

Rent price growth leads renters to look further afield

Author: Property118.com Landlord News Team

16th May 2023, 3 years ago | 0

With fast-rising rents, growing numbers of tenants are becoming more flexible over choosing where to live – and are increasingly...

How will tenants cope with the landlord demographic timebomb?

Author: Property118.com Landlord News Team

12th May 2023, 3 years ago | 14

To say I was stunned to find out that just 15% – that’s 15% – of landlords are under the...

Rising rents force tenants to become first time buyers

Author: Property118.com Landlord News Team

3rd May 2023, 3 years ago | 3

While house price growth has slowed to 3%, the country’s high rents mean it is cheaper for tenants to buy,...

Affordability will hit tenant demand and rent rises in 2023

Author: Property118.com Landlord News Team

29th December 2022, 3 years ago | 3

The prospect for big rent rises in 2023 is slim with affordability already hitting a tenant’s ability to pay rent,...