Buy to let rents slipped back 4.3% to an average £919 a month in May, according to letting agents haart.
Average rents across the country fell, but slightly increased across the UK when excluding London – by around 0.7% to an average £791. Continue reading More surveys confirm North/South property divide
Rent costs nearly a third of buy to let tenants 50% or more of their take home pay, according to research by online property portal Rightmove.
While paying private rents averages 38% of take home pay for all tenants. Continue reading Rent Costs Buy to Let Tenants More Than Half their Pay
The rent gap between London and the rest of the country means tenants are paying an average 80% more to let a home in the capital.
Rents in London hit an average £1,177 per month in November – while average rents elsewhere were £653 a month, according to a report from buy to let insurer HomeLet. Continue reading London Rent Gap Widens to 80% More Than the Rest of the UK
Buy to let rents are still going up – with tenants paying an average new high of £718 a month.
The cost of renting a private home has surged by 4.3% in the past year, leaving tenants having to find around an extra £1 a day more than they were paying in September 2010.
Rents are growing faster in the South East and East Midlands than other regions. Continue reading Buy to Let Rents Hit a New Record High
Homelet’s latest rental index show rents are still up
The latest HomeLet Rental index has shown that landlords in Greater London are charging 50% more than the rest of the country.
The month on month index has also found an increase in younger renters, the opposite to last month. No age range saw an increase in renters except those under the age of 25. Nationally, the renter average age of renters has also continued to drop. Continue reading Landlords Still enjoying Increasing Rent Prices
Buy to let landlords are enjoying more income from the investment property portfolios, according to new figures from a leading lender.
Around one in three landlords have put rents up this year, says research from Paragon Mortgages. Continue reading Third of buy to let landlords have hiked rents this year
This is the sixth in a series of 10 articles written by specialist landlord & tenant solicitor Tessa Shepperson, founder of the online Landlord Law Service.
How to increase rent the proper way
As we all know, the price of things keeps going up and the value of money keeps going down. You will therefore want to increase your tenant’s rent from time to time. However, it is important that you go about this the proper way. Continue reading How to increase rent the proper way