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Rents in the UK rose by 3.8% in February compared to the same month a year ago; the average monthly rent now stands at £940 a month
Rents in London increased by 4.0% in February this year compared to February 2018; the average monthly rent in the capital now stands at £1,599 a month
When London is excluded, the average UK rental value was £782 in February 2019, this is up 3.2% on last year
HomeLet’s February Rental Index reveals that rents rose in all 12 of the UK regions covered in the research
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All private landlords in the UK are to be forced to join a redress scheme, the government has revealed, scooping up over an estimated 1.5 million landlords into regulation.
The announcement is part of a wide-ranging package of regulatory measures revealed by Secretary of State for Housing James Brokenshire following last year’s consultation on the subject.
Brokenshire plans to “bring forward legislation that will require all private landlords, including providers of purpose-built student housing and park home site operators, to belong to a redress scheme,” he says.
“This would ensure that all tenants have access to redress services in any given situation and that all complaints can be addressed.”
Our comment; "This is the government recognising that the UK is going to be generational in the respect that there will be people who are tenants for their whole life. Private landlords will have the same responsibility as letting agents already have, providing tenants access to redress in any given situation.”
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Brexit is looming and it’s all we can talk about. This is no surprise as, whatever camp you happen to be in, one fact is the same; nobody really knows what it’s outcome will be. This is raising many questions and fostering a lot of caution in virtually every market that operates from the UK and for many across the globe; the UK property market is no different. One of the most pressing questions around Brexit and the property market is this; when on Earth is the best time to sell, before or after? Selling your home is a complex and lengthy task already, without worrying about the implications of Britain’s exit from the EU. Through this article, we hope to put your mind at ease and help you to make the right decision for you as regards selling your property.