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Tenants Faced Rising Rents Again In May, Lsl Says

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The cost of renting a home in England and Wales rose again in May as tenants faced charges that were 3.5% higher than a year earlier, a survey has suggested.

Rents rose by 0.1% between April and May, although this was a smaller increase than during recent months.

LSL Property Services said that this meant the average rent was £737 a month - the third highest level on record.

The pace of rent changes varied in different regions, the data showed.

Tenants faced rent rises of 7.2% on average in London over the past year, with costs up by 5.2% in Wales, and up 4% in the north east of England.

BTL the only way to get a return with uber low rates....

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Great 'investment' until rates rise and everyone wants to dump the BTL at the same time - genius..

Not only that in reality, most BLT are just giving the bankers a nice wad of cash in the form of a deposit then looking after the banks house for them until such a time the banks decide to crash the property market and buy it all back up on the cheap.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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