rentals

Renters face £419,000 bill in retirement

28th August 2026 Arrears and Recoveries | #featured #rentals #retirement

Rents are expected to more than double over the next 20 years, taking the total cost of renting in retirement to around £419,000, according to new analysis from Standard Life. This is set to place significant pressure on retirement incomes, with renters facing materially higher financial requirements than those who own their homes outright. The analysis…

Nearly half of landlords intend to raise rents before Renters’ Rights Bill

3rd June 2025 Consumer Lending | #landlords #rentals

New survey data from Landbay has found that nearly half of the Buy To Let (BTL) landlords (44%) plan to raise rent in response to the new Renters’ Rights Bill. Landlords with portfolios of between four and 10 properties are most likely to increase rents (32%), closely followed by those with between 16 and 30…

Rents continue to rise across the UK

15th August 2024 Consumer Collections | #rentals

Latest data from the Office of National Statistics (ONS) has found that the average UK private rents increased by 8.6% in the 12 months to July 2024 (provisional estimate), unchanged from in the 12 months to June 2024. Average rents increased to £1,319 (8.6%) in England, £748 (7.9%) in Wales, and £965 (8.2%) in Scotland,…

Record rise in private rents

23rd July 2024 Consumer Collections | #rentals

New data from Rightmove has shown that average advertised rents outside of London hit a new all-time high of £1,314 per calendar month in the second quarter of 2024, according to the online property platform, indicating a 7% jump from the previous year. In London, rents hit a new record of £2,661, 4% above the same…

Average rentals increased by 8.6% in June

18th July 2024 Consumer Lending | #rentals

Latest ONS, data has shown that the average private rents costs rose by 8.6% in the 12 months to June 2024, down from 8.7% in the 12 months to May 2024. Average rents increased to £1,310 (8.6%) in England, £743 (8.2%) in Wales, and £959 (8.4%) in Scotland, in the 12 months to June 2024.…

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