Posts with tag: high rents

High rents of upmost concern to tenants

Published On: May 6, 2015 at 3:46 pm


Categories: Landlord News

Tags: ,,

A recent survey of 500 tenants from online letting agent Upad has revealed that spiralling rents are a bigger concern than agent fees.

On the eve of the election, interesting results from the investigation also indicate that 40% of respondents had no clear view on which party were best placed to solve tenants’ problems.[1]


When questioned on what their largest concerns were, 50% of tenants replied that it was the cost of renting. The quality of accommodation and agents’ fees were in equal second position with 12%.[2]

High deposits (7.3%) and the fear of future rent hikes (3.1%) were the next most common responses.[3]

Concerns over revenge evictions and the regulation of the rental sector were minimal, despite being prominent in the press over recent months.

High rents of upmost concern to tenants

High rents of upmost concern to tenants


Turning to the next government, respondents felt that cost of a home, more assistance to get onto the property ladder and the provision of more affordable homes were all high in importance. These three issues combined were important for 56% of people questioned. However, 20% felt that abolishing letting agent fees was of upmost concern.[4]

CEO of Upad, James Davis, said that, ‘what was most obvious from our research was how financially squeezed many tenants feel.’ He continued by saying that, ‘time and again, their answers showed that it was the high costs of renting and the even higher costs of buying their first home, which most worries them.’[5]



High Rents Could Hold Back Economic Recovery

Published On: October 2, 2012 at 11:45 am


Categories: Finance News

Tags: ,

Research from the charity Shelter seems to suggest that rising private rents are detrimental to the recovery of Britain’s economy.

High Rents Could Hold Back Economic Recovery

High Rents Could Hold Back Economic Recovery

Ex Labour party employee Peter Jeffreys, argues that there is evidence that high rent costs are making tenants hold back on their spending on consumer goods. Instead, rising numbers of tenants are turning to costly credit in order to pay their way.


Jeffreys is concerned that rising rent is increasing the gap between costs and wages. He argues: “Coupled with falling household incomes, that means that rents are eating up even more disposable income.”[1]

Jeffreys continues: “Given that there are 8.5m renters in England, and one in four Londoners, and that in the capital renters pay on average between 42% and 46% of their wage in rent, there is a strong case that a lot of potential consumer spending is being lost.”[1]

Mr Jeffreys also said it was not a case of the high rents simply finding their way back into the recovering economy through landlords. As he makes clear: “The majority of landlords are individuals or couples renting out just one of two homes. Many of those landlords are using the rents to pay off their mortgages and make a small yield.”[1] Jeffreys was also circumspect about the effect on the overall economy: “A huge amount of money paid in rent is not recirculating into the economy, but rather it is financing mortgage debt.” [1]

Jeffreys’ thoughts in full can be seen at