Newport, Wales has the lowest level of rental stock available in the UK
If you’re looking for a rental home in Newport Wales, you might struggle to find what you’re searching for. But, if you’re on the rental hunt in Aberdeen Scotland, you’ll likely have more luck – at least that’s what new data on available rental stock levels suggests.
Fewer tenants experience rent rises in October
There was some good news for the UK’s tenants recently as a new report showed fewer people who rent a home experienced an increase in their rent. But that’s not all, letting agents said there are more properties available for rent, while more tenants achieved positive results from rent negotiations.
A lifetime of renting likely for more Britons
In years gone by, home ownership was an achievable goal for many hardworking Britons. More recently, that has changed and even those who earn a good wage can struggle to buy a property in their preferred area – or indeed any area at all. With this new reality comes the fact that for some people, they will always be a tenant, throughout their working life and also as a retiree.
The UK's poorest hit hardest by higher rents
A new study suggests that inequality across the UK is rising, thanks to higher rents and lower mortgage interest rates. The Resolution Foundation said that higher rents have hit the poorest Britons hardest, as this group is more likely to live in rental accommodation.
New legislation brings financial benefits to UK tenants
While new legislation in the Buy-To-Let (BTL) Private Rental Sector (PRS) has added to the workload of landlords and letting agents, it has had the effect of being financially beneficial to tenants across the UK. Following the introduction of the Tenant Fees Act 2019, many tenants are receiving a partial refund on their deposit when they agree a new rental contract for the same property.
PRS discrimination against benefits recipients is easing
Following its recent campaign to end ‘No DSS’ discrimination in the lettings markets, charity Shelter said it has achieved some success. However, even though some online property portals have ensured the adverts don’t include overtly discriminatory words and a number of mortgage lenders have removed rules which discriminate against benefit recipients as tenants, the housing advice charity said it has more work to do to completely eradicate this discrimination from the UK’s rental market.