As we are all aware when housing is in short supply, the private rental sector is extremely important. Countrywide’s Tonic for Tomorrow paper has called for measures to protect the private rental sector and make improvements to benefit both landlords and tenants.
Almost one in three tenants are completely unaware of their right to have their tenancy deposit protected so that their cash is kept safe until they decide to move on, a housing charity announced last week.
A top industry representative speaking at the Council of Mortgage Lenders: Future Housing Conference this week has warned that a lack of ‘family friendly’ rental property could impact the birth rate in the UK.
Tenants across England and Wales continue to feel the pinch as rents rose at their fastest rate this year during the month of August, according to new research released by LSL Property Services. The average rent now stands at £713 per calender month, a rise of 1.2% since July. LSL’s Buy-to-Let Index has recorded the seventh monthly increase, and the largest increase since August 2010.