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Rent Haggling
93pc of letting agents said they had seen a rise in the number of tenants haggling with landlords about rent since the beginning of the year, according to the Association of Residential Letting Agents (Arla).
The group, which questioned 730 letting agents, said this trend was not just being caused by tenants experiencing financial problems, but was also likely to be due to people trying to cash in on falling rents due to an oversupply of properties available to let.
www.investalist.co.uk
93pc of letting agents said they had seen a rise in the number of tenants haggling with landlords about rent since the beginning of the year, according to the Association of Residential Letting Agents (Arla).
The group, which questioned 730 letting agents, said this trend was not just being caused by tenants experiencing financial problems, but was also likely to be due to people trying to cash in on falling rents due to an oversupply of properties available to let.
www.investalist.co.uk
Landlords
Buy-to-let investors are getting fussy about who they let their property to, seemingly concerned about the risk of tenants not paying them their already dwindling return.
Background checks on tenants, at the behest of the investor, are said to now include proof of income; bonus payments, personal investments, net worth and job security.
Although so far isolated to the high end of the lettings market, the rigorous checks are a result, partly, of an issue for all investors – oversupply is downgrading their yield.
In other words, the monthly return for investors is reducing, making them determined that their smaller reward is not cut any further by rent defaults or void periods.
www.investalist.co.uk
Buy-to-let investors are getting fussy about who they let their property to, seemingly concerned about the risk of tenants not paying them their already dwindling return.
Background checks on tenants, at the behest of the investor, are said to now include proof of income; bonus payments, personal investments, net worth and job security.
Although so far isolated to the high end of the lettings market, the rigorous checks are a result, partly, of an issue for all investors – oversupply is downgrading their yield.
In other words, the monthly return for investors is reducing, making them determined that their smaller reward is not cut any further by rent defaults or void periods.
www.investalist.co.uk
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