Political dithering allows tenants to stay a year rent-free

Political dithering allows tenants to stay a year rent-free


Todays other news
An amazing six in 10 households are allegedly seeing some...
A detailed guide on how to jump on the short...
The end of the Investor visa is just one of...
The target is to have every private rental property C-rated...
Lettings functionality has just been launched on the new portal...


A prominent industry figure has criticised politicians for leaving all sides of the private lettings sector with uncertainty – and allowing tenants to live rent-free for a year if they wish.

The claim comes from Andy Halstead, who is chief executive of HomeLet and Let Alliance.

His comment come alongside his companies’ latest rental index, which shows rents up 0.2% between May and June.

Rents increased the most in Scotland, with a whopping +3.8% in a month. 

Other regions that saw an increase were Northern Ireland (+1.8%), Wales (+1.6%), South East (+1.5%), East of England (+1.2%), West Midlands (+0.4%), North West (+0.3%), East Midlands (+0.2%) and the North East (+0.1%).

Meanwhile rents decreased in Greater London (-1.6%), Yorkshire & Humberside (-0.6%) and South West (-0.3%).

Halstead says: “The data and analysis speak for itself. All stakeholders in the private rental sector are managing their way through turmoil, not least landlords and tenants. Professional letting agents have the most difficult task, balancing the needs of both, whilst working in a political void, with uncertainty everywhere. 

“It is rarely quoted that a tenant can now quite easily occupy a rental property for 12 months or so, without paying a penny in rent. Whilst this is a fact, politicians run away from dealing with the challenge. 

“A viable private rental sector requires support for all stakeholders, including agents and landlords, this still looks like a pipe dream. Rent Guarantee and Legal Protection have never been more important.”

The full breakdown of rent increases, variances and rent-to-income ratios can be found on the HomeLet website.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
7 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Growth in buy to let landlords in London in 2024...
First time buyers are having difficulties entering the market...
Criticism of different treatment of social and private landlords...
The tenant was in hospital when he was evicted illegally...
The controversial proposal is backed by the Welsh Government...
A mortgage chief is warning that thousands of buy to...
Recommended for you
Latest Features
An amazing six in 10 households are allegedly seeing some...
A detailed guide on how to jump on the short...
The end of the Investor visa is just one of...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here