The Labour party has clarified that although it will seek to stop agents and landlords encouraging bidding wars, tenants will be allowed to make ‘voluntary’ higher offers above the original rental asking price.
The UK has recorded the highest 21-day commercial property rent collection rates since the start of the pandemic
The rate at which rents have been rising has increased across the UK to record levels, official figures reveal today.
Rent-to-income ratios in the UK have reached unsustainable new highs, forcing renters to spend a third of their wages on rent.
UK rents increased by 6.2% in the year to December 2023 - the joint highest annual percentage change since 2016.
More landlords are being forced to reduce advertised rents in the cost-of-living crisis.
Are landlords to blame for our housing crisis, or are they on the receiving end of a very raw deal?
A leading figure in the property world has pinned the blame for the UK’s rocketing rent rises on the Government, claiming that it’s absurd to accuse landlords and letting agents of profiteering from huge demand.
Nottingham benefits landlord Mick Roberts has robustly defended those landlords who get involved in a bidding war during an interview on 5 Live’s breakfast show.
