Average monthly rent edges towards £1k barrier
According to recent figures from the HomeLet market index, the UK’s average rent prices have a record high of some £996 per month – the fifth consecutive rise.
Even if the highly-competitive London market is taken out of the equation, the average rent in this country still comes in at £853, meaning a UK average of £1000 is not far away.
Medium-term rents gain popularity post Covid
The Coronavirus pandemic appears to have resulted in led to a heightened desire for medium-term rentals in the UK, according to Homelike, an online corporate rental firm.
The figures make fascinating reading, with 50 per cent of all bookings for stays of over 30 days now booked digitally, while UK rentals make up some 60 percent 60 per cent of this.
Call for tenant damage insurance option by campaigners
Desire for the Tenant Fees Act to be amended is gaining traction, enabling agents to charge tenants for damage insurance in an effort to bring landlords round to the idea of allowing pets.
Desire for the Tenant Fees Act to be amended is gaining traction, enabling agents to charge tenants for damage insurance in an effort to bring landlords around to the concept of the default pro-pet model tenancy agreement from the government.
Government plans 'mediation' initiative instead of evictions
Details of the proposed mediation scheme will seek to give tenants and landlords a platform to discuss and resolve issues in an attempt to avoid evictions.
free to use for landlords and tenants, the scheme will be a neutral, third party using trained mediators, independent from HM Courts and Tribunals Service.
Axe falls on Green Home Grants scheme
After numerous problems in its implementation, the government’s Green Homes Grant scheme was cancelled on March 31 with little warning.