Tag: rent

Stamp duty rush causes rents to fall

Stamp duty rush causes rents to fall

Rents on private accommodation fell by 0.6 per cent last month, to an average of £707, according to the latest Buy-to-Let Index from LSL, a provider of residential property services. The agency suggests that the fall is likely to be temporary as it is related to an increase in the number of tenants deciding to [...]

March 16, 2012 | 0 Comments More
Cost of renting edges downwards

Cost of renting edges downwards

The average cost of renting a home in England and Wales fell to £711 in December, 0.8 per cent lower than November’s average, according to LSL Property Services’ latest Buy-to-Let Index. December was the second consecutive month in which rental costs have fallen, but over 2011 as a whole, they showed an increase of 4 [...]

Rents rise to £750 a month

Rents rise to £750 a month

Rents are still increasing at a faster rate than salaries and the average rent is now a hefty £720 a month. However, the rate of increase has slowed, according to a survey by LSL Property Services, the owner of Your Move and Reeds Rains estate agencies. Rental costs have increased for nine consecutive months, but [...]

Survey reveals rents continue to surge

Survey reveals rents continue to surge

A survey by LSL Property Services has revealed rents in England and Wales continue to rise, with the average rent hitting almost £700 last month. May represented the fourth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £696 – 4.4% higher than this time last year. However, [...]

Average rent up 4.4% on year

Average rent up 4.4% on year

A report by letting agency network LSL Property Services has revealed tenant demand has risen in recent weeks after April’s long bank holiday weekends and warm weather led to a surge in would-be tenants looking for property. According to the agency, rents grew by 0.8% in April to £692 per month compared with the previous [...]

More than 2m using plastic to pay mortgage/rent

More than 2m using plastic to pay mortgage/rent

A report from the homeless charity, Shelter, has revealed that in the last year, 2.6 million Britons have paid their mortgage or rent on their credit card. The figure represents a rise of 50% on the previous year and reveals the extraordinary lengths some are going to in order to keep a roof over their [...]

One million use credit cards pay mortgage or rent

One million use credit cards pay mortgage or rent

New research from Shelter suggests that in the past year, up to one million UK households have used credit cards to pay the mortgage or rent. According to the housing charity, the findings present a disturbing picture of up to a million people taking “desperate measures” to keep the roofs over their heads. The highest [...]

Abbey rallies first-time buyers: cheaper to buy than rent

Abbey rallies first-time buyers: cheaper to buy than rent

Abbey has been working out accommodation costs for potential first-time buyers currently in the rental sector and has discovered that for those living outside London, it is now cheaper to buy rather than rent. The good news is only for those who have managed to save a 25% deposit but nonetheless means that over than [...]

Mortgages dearth bumps up rents

Mortgages dearth bumps up rents

The lack of mortgages available to first time buyers is bumping up rents as would-be homeowners struggle to get a foot on the housing ladder, an industry expert claimed. Nicholas Leeming, director of propertyfinder.com, said the credit crunch is good news for landlords because it will inflate their income. “Rent levels have been recovering in [...]

Government updates repossession advice

Government updates repossession advice

Homeowners under threat of repossession and tenants on the brink of eviction have a new resource available at www.direct.gov.uk. The site now contains articles and videos prepared by the Ministry of Justice, aimed at informing people with both mortgage and rent arrears. The advice addresses a wide range of problems and is suitable for those [...]

BRC warns that rents could push retailers out of business

BRC warns that rents could push retailers out of business

The British Retail Consortium (BRC) has announced fears that yesterday was the toughest quarterly rents payments day for over 18 years. This is because the start of the year is usually the period where consumer spending is lowest and, coupled with the increased uncertainty caused by the credit crunch, the BRC has lead a campaign [...]

4 million families using plastic to pay mortgage/rent

4 million families using plastic to pay mortgage/rent

A report from the homeless charity, Shelter, has revealed that in the last year, over 4 million families have paid their mortgage or rent on their credit card. The report, called Breaking Point, reveals the extraordinary lengths some are going to during the current economic climate. The report also established that one in six is [...]