A major court case next month could set a precedent in the private rented industry when it is asked to decide whether residents facing eviction from a privately owned property are entitled to stay because of their human rights.
The average private tenant hands over £50,000 to their landlord before they start paying a mortgage instead.
A new analysis of rental date shows that rents have fallen across the UK by an average of 2.4% since the start of the credit crunch in 2008.
Rents fell in November for the first time since March, but are still 3.4% higher than in November last year.
Protesters made up of a coalition of tenants’ groups held a demonstration at City Hall in London as councillors met to discuss the private rented sector.
A stable income and a boost to insufficient pension provision are the two top priorities of buy-to-let investors wishing to make a new investment over the next 12 months.
House prices in the UK will rise 2% next year and rents will go up 4%.
London mayor Boris Johnson has announced plans for a major new voluntary accreditation scheme for landlords and agents, the ‘London Rental Standard’.
Wealthy foreign students now account for 29% of all private tenants on the books of one large property manager in prime central London.
Buying is cheaper than renting in 90% of 50 towns in Britain. On average, renting in Britain costs £1,080 per year more than buying.
A ‘slum’ landlord is set to be the first in the country to be banned, via the conditions on an ASBO, from letting his homes out to vulnerable tenants – namely people on benefits.
The extent to which Britain is turning to the private rented sector has been highlighted by the latest Census figures.
