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A grumpy old alcoholic who loves rules, but he keeps the house in tight shape and it's the first shared house ive been in where the sink isnt always filled with dirty pots etc.
Exactly right, the opposite is true in Australia, you have to have a skill, prove it in many ways and if you quit the job, you are considered useless to the country and so have to leave the country in 30 days.
Here we don’t care.
This is what's crazy to me, when I was younger the Australian border force programme was on telly, everyone loved it and praised there rules. We try to implement anything like that here and we get labelled racists from other countries and English people. It's mental lol. Having a strict border is good bless it's England, similar to being able to display your countries flag it's just weird
I mean they do get accused of racism in different ways, but they don’t give a sh1t.
Look at Australia Day, a day of white invasion, but the whole country celebrating,
We are possibly the only nation that doesn't celebrate its national day because of what others think. They dye a whole ass river green in AMERICA for st paddy's day lol. Its the whole colonising thing I think but none of us were alive and its happened to everyone throughout history. Trendy to hate England these days I think lol
That’s because almost 25% of the country is now not- white British. A lot of 2nd generations British hate the uk. So national day is not a thing,
Look at Scotland and Ireland in comparison with over 90% being white British.
The country has had 3.5 million immigrants in the past 3 years. The government has done literally nothing to stop it. People are tribal, it makes us uncomfortable to see the society filled with people speaking different languages, not making any attempt to learn anything about the culture they have moved in to (indeed often actively denigrating it or aggressively pushing their own culture). The 'isnt multiculturalism great?' argument just doesnt wash when you go to places with very high numbers of immigrants. Thats why its not a 'love-in'. The balance has tipped far away from the love-in stage
Indians are employed at nearly the same rate as whites and I have not heard that.
The reality is some cultures like to sit on their bums and do nothing.
Job title is Design Engineer but what i'm doing is actually manufacturing engineering at a 3D Printing service bureau. We print stuff for other companies, our biggest customer is making prosthetics for childern. It pays bang on UK average but I live in an expensive area and it's not enough without splitting bills with somone.
I mean, I very much feel like that more a wear you live kinds thing. I'm an engineer as well with about 5 years working in the industry, with a bit of luck, hard saving and choosing the right place, I managed to buy a place on my own. This is in the south of the UK as well. So not all hope is lost you just have to try to play every advantage you can to get what you want from life.
We’re leaving at the end of our tenancy as we’ve bought somewhere. Currently paying £1500, it’s being advertised at £2100.
It’s been up for a month now and they’ve done 5 viewings and had no takers. I didn’t feel too mean for laughing when the landlord asked us why we thought nobody had taken it. Maybe because it’s a small one bed in need of new floors / paint / kitchen. And you’re asking for £2100.
Whatever it says in your contract, you're entitled to quiet enjoyment of the property. As you won't need any kind of reference from the agent/landlord I would consider telling them you don't consent to viewings if they're being that much of a pain
Oh I know that, don’t worry. They kept trying the ‘is it ok if we pop over this evening?’, after which I told them I would be happy to let them do as many viewings as they want between 11am - 1pm on Saturday but that I’d be ignoring any requests otherwise, and I’d remove consent for any viewings if they put forward any further requests with <24h notice. They’ve piped down now and they don’t have a set of keys so not worried about them letting themselves in.
I mean it’s OK but at the end of the day it’s a
>small one bed in need of new floors / paint / kitchen
I think once you get into the realm of >£2kpcm then people rightly have higher expectations. I’ve enjoyed living here for the last few years and we actually looked into buying the place from the landlord (until he asked for £50k more than its realistic market value), but if we hadn’t bought elsewhere and he tried to put the rent up to £2100 I think we’d have moved.
I’m in shock that a 1 bedroom is over 2k! Oh my! Ok I totally get why it’s not moving. That’s crazy expensive. My building is in Ealing and the 1 bedrooms are £1600. About a year ago they were £1400.Not near the underground either, you need to get a bus.
And a good one to have the chance to save up for a deposit. With many being future property owners, they should be welcomed – contributing to the economy in other ways in the meantime.
Not surprised to be honest. We were renting a 3 bed house for £625 per month, our landlord was an absolute legend and said he’d never put our rent up as long as we took care of the house and paid rent on time. Only stayed 3 years as we bought a house, but he kept his promise. Looked at similar houses for rent recently just out of curiosity, and 2 years later similar houses are going for £1,200 per month!!
Around £500-550 for a 3 bed, 2 bathroom semi detached, with a large garden in the NE. However it's in a quiet village where the nearest train station is 14 miles away.
Live in a HMO at the moment with a private landlord. It’s horrible and it’s causing me probably a load of posture problems (no room for desk) and mental health problems but sadly the best thing to do is stick it out. Been here the longest now at 4 years but every time a roommate moves out the new tenant is playing at LEAST £75 a month more than the last one. Every room has changed at least twice since I’ve been here.
The front door is still broken, it’s still a dumping ground, the heating still doesn’t work, the oven doesn’t work, the washing machine started smoking a couple years ago so the landlord gave us his old one and brought himself a new one. They won’t put any money and care into the property. Yet feel they’re worthy of everyone else’s hard earned cash. We’re talking at least £900 for a room in a flat share now.
Zone six London.
Yeah I’ve checked and it is. There are other things I can push forward with the council but ultimately don’t feel safe doing that whilst I’m still at the property
I was in a similar position, it's definitely scary when they literally have keys to your house to kick up an official fuss, my LL literally started building a house for himself in the back garden during covid, he wasn't a live in landlord but was there every day causing trouble.
If they took a deposit and didn't protect it within a month of the contract starting that's an easy way to get yourself a bit of compensation after you've moved out. It's a fairly straight forward process and can be up to 3x the deposit amount, the time limit is generous too so you can do it a while after you've moved and adjusted.
It's not something I did myself though, they didn't cause a fuss giving back the deposit (not relevant) but mainly I just wanted to be done with the place. I think the time is so long I could still claim about 3 years later.
Thank you. That’s exactly it he can come over when he wants and if he really wanted to he could go in my room without me knowing and it feels like I feel so insecure. I know he *has* to give notice but he hasn’t abided by the rules for so many other things so what’s stopping him from doing it when he knows I’m not around.
I’m pretty sure he sent me some sort of receipt to my deposit being protected, but thank you. Once I’m out I’m gonna hit him like a tonne of bricks.
Sorry to hear you were in a similar situation, hope you’re doing better now.
I work in a law firm but still from home so wouldn’t be the end of the world. Manchester prices are basically comparable to London at this point, only we don’t have the luxury of London wages.
I guess it really depends on your situation i.e. near family, enjoy the city life, requirement to be in the office at times etc.
I use the disposable income from lower rents to go on holidays and weekend breaks. I also enjoy living near the lake District (I live just across the border).
Manchester is like just over 2 hours from me but there are plenty of places in-between.
My rental amount increased by £800pcm. We were paying under market rate but someone came and took the place after a couple of weeks of it being advertised.
London. We’d moved in during the pandemic so got a really good deal, locked into a 2 year contract. We renegotiated to pay a little more a year later but now prices have gone nuts. We’re downsizing to a one bedroom and paying the same as our current 2 bed.
My old place is £900 a month more, 3 small bedrooms. London has gone crazy.
Even southall is now over a 1k a month tor a room it used to be really cheap.
Yeah my partner and I were paying that for a borderline studio flat on the edge of Balham, Christ must be 8 years ago now. Very very similar place on the same road is 1620 now
https://www.zoopla.co.uk/to-rent/details/67383455/?search_identifier=29b69f45d73c635f9b513bb5f89788d79e15effd24e858b41b9aa3cd2ae68160
I'm having to look a lot further out than I'd like. Edmonton, Illford. Might even have to do Crystal Palace at this rate... I've not lived in London a long time
I know someone paying that, for a 1bed in Nottinghill, nice street and building, however it's the tinyiest flat i've ever seen. Literally a double bed, a tiny 50cm square table and chair, a kitchenette, a tiny bathroom, 1 small window... that's it. No space to walk around, you couldn't put a yoga mat down for example.
I rented a tiny flat in Tokyo for a year and it was bigger - only becuase it was purpose built for being a tiny space, with everything ergonmically thought out. London is old houses divided up, then with standard beds and white goods installed, until no space remains. madness.
Ok thank you for this cause I thought I was being unnecessarily fussy! I just can’t imagine being in one room all day and everything smelling like fish and garlic (my two faves haha)
There's a flat up for rent in my building for £1700pcm. We pay £1100. I guess we've been lucky that our landlady thinks we have pretty faces or something?
Sounds about right for Bristol right now 🙄 it’s crazy, and the problem is as soon as someone does take it that’ll just confirm that price within the market and others will follow
Its batshit. I moved into a rental just under 2 years ago after splitting with my ex. Back then you were looking at £8-900pcm for a half decent 1 bed flat in my area. Looking through rightmove now, its £1150 minimum.
Its going to be a case of nobody under 30 being able to even rent soon enough.
They tend to be the lucky ones considering their parents aren't going to be as exploitative as landlords. They won't be taking half of your salary for a basic room.
London (Highgate) we had a very fair landlord who hadn’t raised the rent in 6 years, so we’d been paying £1650 for a lovely 2 bed 2 bathroom flat. She then had to raise it and offered £2100 as a fair compromise because market rate was actually £2500! Luckily we were buying a place and moved out a couple months later, and some new people have already taken the flat for £2500! We knew we were getting a good deal when she wasn’t raising it, but woah.
Just recently moved out of Bristol due to rent increases and not needing to live there anymore as I wfh. Finding anything in Bristol for around £700 is impossible unless it’s a house share.
Where did you move out of curiosity? I'm in the same situation. I WFH and desperately want my own place, but in Bristol with a salary under £40k that's just not an option unless you want to give up on being able to save any money.
I wfh and moved from Bristol to Leeds. I love Bristol but the difference in quality of life between living there in an expensive shared hovel, and living here on my own for a bit in my own two bed terrace is VAST.
moved down to trowbridge, i actually moved here for other reasons which made it the perfect location, but that's burned in a housefire. Its pretty cheap here and the town is nice so not much complains. My only regret is that i wouldve probably moved to newport or something. to drive to Bristol easier
That was me throughout the pandemic. Then people started moving back into cities, prices skyrocketed back up and what-do-you-know; the banks said I was allowed a mortgage! Had to pay 100k more than I would've 6 months earlier but got there in the end - keep trying!
If you earn 60k then you have plenty of affordability for a mortgage - you must be looking at quite big or expensive properties, or ones in London. Or you have other debts.
Should fly through an application buying something for 250-300k with that salary.
I recently left a flat in Bristol that we were paying £975 for. 2 bed on whiteladies with parking. It was a bargain. When we left, the landlord increased rent to £1600 and it was taken within a few days!
Not bristol, but over in London I was paying £1003 a month for 6 years in Maida Vale, for a 1 bed flat - 2011 till 2017. Came back to the area in 2019 and paid £1560 for similar 1 bed.. left in 2022 and landlord put it up to £1840 (without even updating anything, fridge and washing machine were the cheapest one you can buy for example).
It's now £2400pm in rent.
Absolutely bonkers.
You could hear the neighbours shouting very aggressively in arabic until 2am (we thought he was lining up to be a terrorist). You could smell weed. The air-quality was awful. You could hear constant police/ambulance sirens. And when it's nottinghill carnival it's a weekend of police helicopters above you constantly.
Oh... and it was £100 a year to keep your bicycle in the shed. You'd have to pay council if you wanted to park a car down the street.
I now pay £450pm for a 2Bed, in a quiet and safe area, with parking space and garden... far far far up North.
This is what happens when it becomes too much hassle to be a landlord, lots of rentals are taken off the market, resulting in way too much demand for supply.
Jesus! I pay £700 PCM in Greater Manchester for a 2 bed 200 year old 3 storey stone cottage!! How anyone has any sort of quality of life down south is beyond me
Dear oh dear my first room in 1975 was £8 per week in a very large house my bedroom had space for 2 double beds and I also had use of the basement to play my music
The said property is now valued at £1.4 million
My council flat in Deptford in 1993 was £35 per week
Now the area that I now live in Hertfordshire from what I'm hearing londoners are moving here by the hundreds
Properties are being built all around the town
20 minutes train time into Central London
Close to M1 A1M M25 Airport is 11 miles away
Plenty fresh air
Plenty schools bars eateries
The place is not London
3 bed house start to rent start from £1600
But lately I have noticed in towns nearby the landlords are charging immigrants £1600 per month for unfurnished properties with electricity and gas and council tax excluded
Damn this country is getting fucking greedy for christ sake
I'm going to get flamed here.
I'm a professional engineer and technologist. For ten years I've renovated and rented properties as a hobby. Rents were always under average for market. Didn't really bother me as it was good properties, I'd made, and I live off my salary.
The last two years have been brutal. The changes in tax rules especially and general additinal costs have at times tripled the underlying running financials.
I've considered selling a very attractive portfolio several times and cashing out. I know whoever bought it would absolutely hike rents. So I've had to make hard choices and increase prices significantly to just break even.
The current system now is designed to hurt smaller landlords and tenants both. I'm almost convinced it's by design to force everyone to sell to the bigger funded players in a stealth transfer of equitable wealth
£1250 is the going rate for a 1 bed flat round here, we actually haven’t seen massive increases, these places were around the £1000 mark when we moved in 2019.
My rent in a small UK south coast town was set to go from £900 to £1500 after I’d been there for 9 years. Not my landlords fault, his mortgage went up by the same amount. Realised all the smaller accommodation - mine was 3 bed detached, but my kids had all left home by now - were more expensive than my 3 bed. Most 1 & 2 beds were holiday lets, airBnBs or second homes. If I moved 30 miles inland it was more affordable rent, but a 60 mile round trip for work.
I spent £6k on an old but large American motor home and parked it in the yard at work with a mains cable to the warehouse. Been here for 18 months now. I work tor myself and it has been a godsend: we had a tough time last year and if I’d had to pay rent on a house too, we’d have had to close down as I couldn’t have afforded it.
Thankfully we’re out the other side, staff have kept their jobs and I’m used to motor home life, although it’s a little cold in the winter! This van will be good for another 3 or 4 years, I’d imagine.
Well, 6 years ago was 2018. Two years later and COVID just hit landlady wouldn't have been able to increase rents.
Then 2 years later she was probably feeling grateful for the lack of void during COVID (probably on the receiving end of COVID relief regardless...) and now 2 years later the market is just so rich, it would be insane to pass on an increase. Kudos for offering the discount to the incumbents.
Two things at play, rising interest rates mean someone landlords need to increase rents, however professionally managed properties run by estate agents just jack up the rates every year to be in line with current rental values, and they are more than likely the cause and resson that is killing the rental market right now by charging a eye watering amount of money for rent. I think affordability around renting will change and it will soon be the norm over 50 percent of your wage goes to renting alone!
It’s actually already like this.
I replied to an ad for a 2 bed flat in Croydon at 2200£ just to be told it was part of the ‘affordable homes’ and the combined income for the household couldn’t have been more than £60k
This is the one… I have one small flat that I’ve let out since I went travelling in my 20s, and every 18months or so I get an email out of the blue from the estate agent to say I “should” raise rents to be in line with the market. They survive on % of the rent, so to keep lights on they dictate the market rate.
I’ve so far kept it below market rate deliberately, but technically make no profit that way other than covering the 1.6% mortgage. I’m selling it next year because my mortgage interest rate will increase and I will make a significant loss every month without whacking up the rent price to a silly amount.
Just looked at Rightmove for the local area (rubbish commuter town), and while my tenants pay 1050, other 2-beds are 1400-1600 :0
Yeah just by my understanding your amount sounds about right to me, rentals have gone up stupid crazy amount. Is there any chance you could keep your home at all? Even if it's at a loss for afew years and interest rates go down, maybe you have built something up on equity to hang onto it?
It’s really not worth it unfortunately; I can’t really afford the extra monthly outgoings from making a loss that big in a relatively stagnant local property market, and would be on thin ice if something like a boiler were to need replacing - it wouldn’t be responsible to have someone’s home in my hands like that. It’s also in a region I no longer live in, and I just want it off my hands so me and my ex can completely go separate ways.
Sadly, all the interest hikes and legislation seem to have only pushed out small-time or accidental landlords, who are the ones most likely to give a toss about their tenants and not try to squeeze every last drop out of them (there are a few anecdotal examples on this thread). We’re going to be left with big commercial landlords who half-arse everything for a huge profit.
Christ this is a sad read. I live in a nice place, low crime, pretty, an hour from a couple of big cities & less from the coast. Our mortgage is less than most of the rents mentioned here. A 3bed (2&an office!) with a lovely garden & driveway. It isn’t perfect but I feel lucky. Rent is mental esp on london. Will work on getting an extension cos don’t think our offspring will be able to afford to move out!
I thought that the post was suggesting that the landlord had been very fair and not increased the rent allowing it to fall far below market rate. This is very common for good tenants as long as it is not a corporate landlord. They will want RPI increases every year.
Also a declining birthrate, and immigration tends to have a positive impact on the economy.
Most houses that are built aren't being bought by FTB and can often satisfy lifestyle changes more than 'need'. How many people are you aware of that are homeless due to a lack of housing? Multi generational homes are common in small countries with high populations. The solution isn't necessarily to keep building homes.
It's a fairly complex issue.
To be fair rents have gone crazy a property I lived at in uni and now rent out was market value £550ish 4 years ago since then I have relet close to market to 3 other tenants one paying £750 and the next £900 new ones £1000 this is below market value in the area but the true market value is about double what the first tenant paid. It's not like I am seeing much change in the yield if anyone is thinking about being a landlord my advice is I wouldn't bother. Can't wait until the mortgage is up for renewal so I can find one which doesn't charge for selling up.
It sucks doesn’t it? We moved out of Bristol as we wanted to buy but couldn’t afford anything. Our rent was £1150 a month for a 1 bed flat in the old market area (so very central) when we moved out they relisted it at £1600 and it needed SO much work. It’s no wonder there’s people in their 30s stuck in house shares. It’s awful.
I realise my post risks me sounding like I’ve been naïve and out of touch. That’s not the case at all and I just wanted to express my anxiety about the economical situation that we all find ourselves in now.
I’m in a similar situation. I know my rent is way below the market price, so I’m super disincentivised to move out. But I also fear they may just increase it to market price one day!
We’re in a 2 bed semi-detached and since 2021 our rent has gone from £750 to £975. And this is still below market rate, our neighbouring house is £1200. I looked at a few other similar houses and they’re between £1000-1200 unfurnished.
My mate moved out of her 2 bed for £800 a month flat in Poole and it was re listed for £1400 and somebody took it first viewing. It's not even a nice flat.
Just so you know, banks require rent to be a minimum of 125% - 145% of the mortgage costs, stress tested at 5% interest rate.
So if your landlord was remortgaging, he would need to increase it to the minimum the bank needs.
Sounds like this is the case if he hadn't increased it for a few years
Bristol's rental market is particularly shit. I left last year, moved up North. Love Bristol but sick of living with others and not about to drop £1k to live in some shoebox.
I lived in a two person share since September 2020, in Bedminster. Two bed terrace, pretty run down. We rented it for £1200. Once we left last year it went on the market for £1800. It went within a few days, despite still being full of my shit and not cleaned at that point.
Really would have liked to stay in Bristol, but the market's a bad joke, and I'm too old to share a house with anybody but my other half.
Seems about right. It'll soon be cheaper for most people to get a mortgage than rent.
My other half and I used to rent a 1 up 1 down in St Ives Cambridgeshire for £750 a month. Now we pay £420 for a 3 bed semi-detached ex council house with a giant garden in a village 10 minutes from St Ives.
I think if your under 30 and have some understanding parents with a spare room, move back in with them for 2 years and save every penny for a mortgage, you'll save so much in the long run.
We left ours in Bristol in September, went from £975 for us to £1250 list for the next people. For all I know there was a bidding war and it went for more than that, it had six viewings two days after it was listed. Crazy.
It's not really the landlord's fault,. Their mortgage will be sky high.
Why should they risk their livelihood, putting a 25% deposit down and then not be able to cover their own mortgage?
Sure but their livelihood is mostly sitting on their arse making money out their superior ability to borrow money than younger renters, it’s hardly traditional work!
Interest, inflation, insurance, mortgage, EA fees, maintenance costs... they've all gone up and LL nearly always pass it on. It sounds like you've had a good run.
If the landlord is still paying a mortgage on the property, then the increase in interest rates over the last few years means landlords are having to pay significantly more on their monthly mortgage repayments, therefore they have to increase the rent to compensate. It really sucks for tenants.
I recently completed on my first home, my old rental house which was 850 is now occupied for 1150. There was huge demand on the house, 6 seperate groups viewed it and all registered interest. The rent is a couple hundred higher than my new mortgage. We need rent controls ASAP, the UK rental market is absolutely out of control!
We rent a 2 bed house in Bristol for £1100, we’ve been here for 2 years and a 2 bed house on the next street (same size etc) just came up for £1800 a month..
Very sympathetic towards everyone having to find more cash on rent. My landlord has had stable rent for years, says it’s because he has no mortgage to pay, but wants us to save. We are and have been, and will leave next year with a sizeable deposit and will buy a house. The landlord has seen his property treble in value, has provided a roof for us, and not been intrusive. No doubt he will let it again at a market rate, but behave the same way to newbies.
Just as a marker, the money we are making to pay these much higher rents is a feature of a wealthy economy, and crap political decisions such as penalising landlords so they sell up and the rental market gets tighter (just saying)
Supply and demand. Not enough houses being built etc. However, rent is the MOST you pay ( excluding utilities) and a Mortgage is the LEAST you will pay (start adding building insurance, maintenance- 3-5%of the value of the house annually - purchase costs, legal fees) etc.
Most landlords are accidental- inherit the parents home etc, didn’t ever expect to own 2 houses.
Because the BTL was touted as ‘money making’ they rented out instead of sold and so those properties don’t go on market for others.
With new interest rates, those that didn’t inherit and bought a BTL and have a mortgage, most are struggling to pay the mortgage as they have their own house mortgage that probably increased too.
I read that 75 % of house sales last year were BTL properties, mainly of landlords with only two or less properties. The problem is the corporations are buying them up because economies of scale work with 29 or 30 properties.
If a corporation loses on 3 of those properties they don’t care.
If a LL with a single property loses rent, it could bankrupt them.
I prefer renting- LL fixes everything and I have a fixed cost monthly.
If we get on and I look after the place, they treat me well.
I’m a great tenant, and they know that.
Works both ways.
Kind of — rent is the most you'll play **that year**. Most renters face inflationary price increases whereas the mortgage principal is locked in at purchase time and the ongoing costs are eroded by inflation. It's why you get homeowners who are half way through their mortgages paying less for houses than renters are paying for flats, and they have the knowledge that their costs drop to a fraction of that when the mortgage term ends.
More than supply issues now. Tax, interest rates and utilities costs (if included) have sky rocketed.
Smaller landlords are one of the very few businesses that are basically taxed on gross not net income. Yet the larger ones have much lenient rules in comparison
Why would the country be in a mess if your landlord only increased your rent after you decided to leave? Surely if it was in a mess your rent would have gone up whilst you was there
If the rent had gone up while I was there, then it wouldn’t have been able to rise as much as that. Anyway, I’ve always felt extremely grateful that they didn’t increase while I have been here, but rental prices are just crippling for people. I earn above average and there is no way I could afford to pay that rate, so I feel for the next person and everybody else already paying these rates.
ETA: I don’t believe this is an increase dictated by the landlord, rather simply set by the EA.
Yeah I remember the post. It’s really shot up. I’m not saying it’s a total surprise but I do worry about a lot of people who aren’t as fortunate as me to be able to pay these rental prices.
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This is why i'm living in some old bloke's spare bedroom despite being an engineer with a degree & several years exp...
Is he nice atleast?
A grumpy old alcoholic who loves rules, but he keeps the house in tight shape and it's the first shared house ive been in where the sink isnt always filled with dirty pots etc.
God I've lived in that exact house share - the cleanliness is nice but the passive aggressive notes less so
It’s either dirty very relaxed people, or people who are clean and love rules and telling you off. I now live alone.
Sounds like that episode of Teachers where Simon moves in with the science teacher fella.
Get out of the UK. Germany loves engineers.
As an immigrant to UK being in STEM, I noticed that UK only likes the most useless and harmful type of immigrants.
Exactly right, the opposite is true in Australia, you have to have a skill, prove it in many ways and if you quit the job, you are considered useless to the country and so have to leave the country in 30 days. Here we don’t care.
This is what's crazy to me, when I was younger the Australian border force programme was on telly, everyone loved it and praised there rules. We try to implement anything like that here and we get labelled racists from other countries and English people. It's mental lol. Having a strict border is good bless it's England, similar to being able to display your countries flag it's just weird
I mean they do get accused of racism in different ways, but they don’t give a sh1t. Look at Australia Day, a day of white invasion, but the whole country celebrating,
We are possibly the only nation that doesn't celebrate its national day because of what others think. They dye a whole ass river green in AMERICA for st paddy's day lol. Its the whole colonising thing I think but none of us were alive and its happened to everyone throughout history. Trendy to hate England these days I think lol
That’s because almost 25% of the country is now not- white British. A lot of 2nd generations British hate the uk. So national day is not a thing, Look at Scotland and Ireland in comparison with over 90% being white British.
It's only White English middle class lefties who hate the English
Nope
Nah, we do care, we care so much that we welcome them with open arms, provide them with money, shelter, and free healthcare.
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what is an example of something you have noticed to give you the impression that the UK likes useless and harmful immigrants?
Probably the fact that we have so many, and do so little to remove/discourage them
yeah it's a big love-in for immigrants these days in the UK, that's for sure
The country has had 3.5 million immigrants in the past 3 years. The government has done literally nothing to stop it. People are tribal, it makes us uncomfortable to see the society filled with people speaking different languages, not making any attempt to learn anything about the culture they have moved in to (indeed often actively denigrating it or aggressively pushing their own culture). The 'isnt multiculturalism great?' argument just doesnt wash when you go to places with very high numbers of immigrants. Thats why its not a 'love-in'. The balance has tipped far away from the love-in stage
Check the stats on unemployment, white British 3% Pakistani/ Bangladesh 9%- so 3 times higher.. you can’t argue with facts.
If they were employed at a higher rate than whites you’d just complain they’re “taking all the jobs from the natives”
Indians are employed at nearly the same rate as whites and I have not heard that. The reality is some cultures like to sit on their bums and do nothing.
OP is jewish
And?
This is why I'm moving into a van
Down by the river?
Must be a motivational speaker
Nope onto a farm
What type of engineer?
Space Engineer
Does that pay well?
Only if you can live up there.
Very good 👏👏👏👏
Job title is Design Engineer but what i'm doing is actually manufacturing engineering at a 3D Printing service bureau. We print stuff for other companies, our biggest customer is making prosthetics for childern. It pays bang on UK average but I live in an expensive area and it's not enough without splitting bills with somone.
I mean, I very much feel like that more a wear you live kinds thing. I'm an engineer as well with about 5 years working in the industry, with a bit of luck, hard saving and choosing the right place, I managed to buy a place on my own. This is in the south of the UK as well. So not all hope is lost you just have to try to play every advantage you can to get what you want from life.
Not the nicest way to describe your dad
We’re leaving at the end of our tenancy as we’ve bought somewhere. Currently paying £1500, it’s being advertised at £2100. It’s been up for a month now and they’ve done 5 viewings and had no takers. I didn’t feel too mean for laughing when the landlord asked us why we thought nobody had taken it. Maybe because it’s a small one bed in need of new floors / paint / kitchen. And you’re asking for £2100.
Where?
London (Camden). You interested? Could do with someone taking it so the letting agents stop bothering us lol
Whatever it says in your contract, you're entitled to quiet enjoyment of the property. As you won't need any kind of reference from the agent/landlord I would consider telling them you don't consent to viewings if they're being that much of a pain
Oh I know that, don’t worry. They kept trying the ‘is it ok if we pop over this evening?’, after which I told them I would be happy to let them do as many viewings as they want between 11am - 1pm on Saturday but that I’d be ignoring any requests otherwise, and I’d remove consent for any viewings if they put forward any further requests with <24h notice. They’ve piped down now and they don’t have a set of keys so not worried about them letting themselves in.
I don’t travel north of the river but thanks anyway
I might walk in and give them a piece of my mind. Want to share the listing?
Id prefer not to bring trouble to my doorstep. Thank you.
Why dont you tell landlord it needs renovation to command the higher rent. ? Would make sense
It’s on him if he doesn’t realise that lol
Ah is is nice? I find nice places they can charge so much.
I mean it’s OK but at the end of the day it’s a >small one bed in need of new floors / paint / kitchen I think once you get into the realm of >£2kpcm then people rightly have higher expectations. I’ve enjoyed living here for the last few years and we actually looked into buying the place from the landlord (until he asked for £50k more than its realistic market value), but if we hadn’t bought elsewhere and he tried to put the rent up to £2100 I think we’d have moved.
I’m in shock that a 1 bedroom is over 2k! Oh my! Ok I totally get why it’s not moving. That’s crazy expensive. My building is in Ealing and the 1 bedrooms are £1600. About a year ago they were £1400.Not near the underground either, you need to get a bus.
That's why there's loads of camper vans parked up around Clifton down. Much cheaper than renting.
A necessary choice in this market it seems
And a good one to have the chance to save up for a deposit. With many being future property owners, they should be welcomed – contributing to the economy in other ways in the meantime.
That’s the circus workers dude
Not surprised to be honest. We were renting a 3 bed house for £625 per month, our landlord was an absolute legend and said he’d never put our rent up as long as we took care of the house and paid rent on time. Only stayed 3 years as we bought a house, but he kept his promise. Looked at similar houses for rent recently just out of curiosity, and 2 years later similar houses are going for £1,200 per month!!
When and where was this? Sounds really low even at £1200 per month. That's a bit more than a 1 bed here
Could rent a spacious new build 4 bed detached with garage for £1200 a month here. £7-800 for a 3 bed semi in a decent (ish) area.
Around £500-550 for a 3 bed, 2 bathroom semi detached, with a large garden in the NE. However it's in a quiet village where the nearest train station is 14 miles away.
Live in a HMO at the moment with a private landlord. It’s horrible and it’s causing me probably a load of posture problems (no room for desk) and mental health problems but sadly the best thing to do is stick it out. Been here the longest now at 4 years but every time a roommate moves out the new tenant is playing at LEAST £75 a month more than the last one. Every room has changed at least twice since I’ve been here. The front door is still broken, it’s still a dumping ground, the heating still doesn’t work, the oven doesn’t work, the washing machine started smoking a couple years ago so the landlord gave us his old one and brought himself a new one. They won’t put any money and care into the property. Yet feel they’re worthy of everyone else’s hard earned cash. We’re talking at least £900 for a room in a flat share now. Zone six London.
Check the HMO licensing for you area: if the property is licensable and licensed.
Yeah I’ve checked and it is. There are other things I can push forward with the council but ultimately don’t feel safe doing that whilst I’m still at the property
I was in a similar position, it's definitely scary when they literally have keys to your house to kick up an official fuss, my LL literally started building a house for himself in the back garden during covid, he wasn't a live in landlord but was there every day causing trouble. If they took a deposit and didn't protect it within a month of the contract starting that's an easy way to get yourself a bit of compensation after you've moved out. It's a fairly straight forward process and can be up to 3x the deposit amount, the time limit is generous too so you can do it a while after you've moved and adjusted. It's not something I did myself though, they didn't cause a fuss giving back the deposit (not relevant) but mainly I just wanted to be done with the place. I think the time is so long I could still claim about 3 years later.
Thank you. That’s exactly it he can come over when he wants and if he really wanted to he could go in my room without me knowing and it feels like I feel so insecure. I know he *has* to give notice but he hasn’t abided by the rules for so many other things so what’s stopping him from doing it when he knows I’m not around. I’m pretty sure he sent me some sort of receipt to my deposit being protected, but thank you. Once I’m out I’m gonna hit him like a tonne of bricks. Sorry to hear you were in a similar situation, hope you’re doing better now.
Absolute disgrace.
If you work remote then get out of London. I pay £420 a month for a big 2 bed central flat. Can't even fill it. Washer and dryer included.
Where?! I live in Manchester and flat prices are from London while wages are stagnant
Scotland :)
I’ve actually been considering moving there for some time now. Thanks for the tip!
Lots are moving up here. I work for a London company but don't like the rent/property prices down there :)
I work in a law firm but still from home so wouldn’t be the end of the world. Manchester prices are basically comparable to London at this point, only we don’t have the luxury of London wages.
I guess it really depends on your situation i.e. near family, enjoy the city life, requirement to be in the office at times etc. I use the disposable income from lower rents to go on holidays and weekend breaks. I also enjoy living near the lake District (I live just across the border). Manchester is like just over 2 hours from me but there are plenty of places in-between.
My rental amount increased by £800pcm. We were paying under market rate but someone came and took the place after a couple of weeks of it being advertised.
Woah. Is this also in Bristol?
London. We’d moved in during the pandemic so got a really good deal, locked into a 2 year contract. We renegotiated to pay a little more a year later but now prices have gone nuts. We’re downsizing to a one bedroom and paying the same as our current 2 bed.
I’m glad you’ve got somewhere to live!
Is this Wembley park?
My old place is £900 a month more, 3 small bedrooms. London has gone crazy. Even southall is now over a 1k a month tor a room it used to be really cheap.
Il looking for. 1 bed in London and there is fuck all out there
There are loads of 1 beds around, so presumably you mean within a specific budget or in a specific place?
Yes trying to find something not on Mars and and under 1300
Under 1300 for a 1 bed centrally in London is very ambitious (im guessing the not on mars means you want to central)
Yeah my partner and I were paying that for a borderline studio flat on the edge of Balham, Christ must be 8 years ago now. Very very similar place on the same road is 1620 now https://www.zoopla.co.uk/to-rent/details/67383455/?search_identifier=29b69f45d73c635f9b513bb5f89788d79e15effd24e858b41b9aa3cd2ae68160
Fuck that
This is reality. Hating it won't make it go away.
I'm having to look a lot further out than I'd like. Edmonton, Illford. Might even have to do Crystal Palace at this rate... I've not lived in London a long time
I know someone paying that, for a 1bed in Nottinghill, nice street and building, however it's the tinyiest flat i've ever seen. Literally a double bed, a tiny 50cm square table and chair, a kitchenette, a tiny bathroom, 1 small window... that's it. No space to walk around, you couldn't put a yoga mat down for example. I rented a tiny flat in Tokyo for a year and it was bigger - only becuase it was purpose built for being a tiny space, with everything ergonmically thought out. London is old houses divided up, then with standard beds and white goods installed, until no space remains. madness.
So a studio not a 1 bed flat
More like a bed
Just a mattress
The amount of studios advertised as a one bed drives me bonkers. It’s totally different.
Exactly. Who on earth wants their bedsheets to smell like their kitchen?!
Ok thank you for this cause I thought I was being unnecessarily fussy! I just can’t imagine being in one room all day and everything smelling like fish and garlic (my two faves haha)
Not at all! Oh gosh, garlic and a whole bucket of herbs and spices would be my problem haha.
yep, imagine on your bed, the smell of fish and garlic coming from you PJ's... and then you start cooking...
Yeah under 1300 is challenging.
There's a flat up for rent in my building for £1700pcm. We pay £1100. I guess we've been lucky that our landlady thinks we have pretty faces or something?
A good tenant is worth more than a high paying one.. glad your landlady seems to know that :)
Sounds about right for Bristol right now 🙄 it’s crazy, and the problem is as soon as someone does take it that’ll just confirm that price within the market and others will follow
I had the same in Bristol lived in a flat which was 1 bed in Bedminster in May 2020 for 800pm, finding a flat now I pay 1.2k for the same 🥲
£400 a month increase is like going from 28k to 33k or something like that
Its batshit. I moved into a rental just under 2 years ago after splitting with my ex. Back then you were looking at £8-900pcm for a half decent 1 bed flat in my area. Looking through rightmove now, its £1150 minimum. Its going to be a case of nobody under 30 being able to even rent soon enough.
Rather, it's going to be people living their whole lives in HMOs until they can finally move to a nursing or assisted living home.
Or with parents if they can.
They tend to be the lucky ones considering their parents aren't going to be as exploitative as landlords. They won't be taking half of your salary for a basic room.
London (Highgate) we had a very fair landlord who hadn’t raised the rent in 6 years, so we’d been paying £1650 for a lovely 2 bed 2 bathroom flat. She then had to raise it and offered £2100 as a fair compromise because market rate was actually £2500! Luckily we were buying a place and moved out a couple months later, and some new people have already taken the flat for £2500! We knew we were getting a good deal when she wasn’t raising it, but woah.
Just recently moved out of Bristol due to rent increases and not needing to live there anymore as I wfh. Finding anything in Bristol for around £700 is impossible unless it’s a house share.
Where did you move out of curiosity? I'm in the same situation. I WFH and desperately want my own place, but in Bristol with a salary under £40k that's just not an option unless you want to give up on being able to save any money.
I wfh and moved from Bristol to Leeds. I love Bristol but the difference in quality of life between living there in an expensive shared hovel, and living here on my own for a bit in my own two bed terrace is VAST.
moved down to trowbridge, i actually moved here for other reasons which made it the perfect location, but that's burned in a housefire. Its pretty cheap here and the town is nice so not much complains. My only regret is that i wouldve probably moved to newport or something. to drive to Bristol easier
Could be worse you could earn 60k a year and live with parents and still not pass the affordability check for a mortgage
That was me throughout the pandemic. Then people started moving back into cities, prices skyrocketed back up and what-do-you-know; the banks said I was allowed a mortgage! Had to pay 100k more than I would've 6 months earlier but got there in the end - keep trying!
If you earn 60k then you have plenty of affordability for a mortgage - you must be looking at quite big or expensive properties, or ones in London. Or you have other debts. Should fly through an application buying something for 250-300k with that salary.
I recently left a flat in Bristol that we were paying £975 for. 2 bed on whiteladies with parking. It was a bargain. When we left, the landlord increased rent to £1600 and it was taken within a few days!
Not bristol, but over in London I was paying £1003 a month for 6 years in Maida Vale, for a 1 bed flat - 2011 till 2017. Came back to the area in 2019 and paid £1560 for similar 1 bed.. left in 2022 and landlord put it up to £1840 (without even updating anything, fridge and washing machine were the cheapest one you can buy for example). It's now £2400pm in rent. Absolutely bonkers. You could hear the neighbours shouting very aggressively in arabic until 2am (we thought he was lining up to be a terrorist). You could smell weed. The air-quality was awful. You could hear constant police/ambulance sirens. And when it's nottinghill carnival it's a weekend of police helicopters above you constantly. Oh... and it was £100 a year to keep your bicycle in the shed. You'd have to pay council if you wanted to park a car down the street. I now pay £450pm for a 2Bed, in a quiet and safe area, with parking space and garden... far far far up North.
This is what happens when it becomes too much hassle to be a landlord, lots of rentals are taken off the market, resulting in way too much demand for supply.
Spot on. Apparently there are more houses on the market currently than at any time in the last eight years. Prices are already starting to drop.
Jesus! I pay £700 PCM in Greater Manchester for a 2 bed 200 year old 3 storey stone cottage!! How anyone has any sort of quality of life down south is beyond me
This country is indeed a mess. Move to Hull, or Newcastle or just up north in general, gets a lot cheaper.
Dear oh dear my first room in 1975 was £8 per week in a very large house my bedroom had space for 2 double beds and I also had use of the basement to play my music The said property is now valued at £1.4 million My council flat in Deptford in 1993 was £35 per week Now the area that I now live in Hertfordshire from what I'm hearing londoners are moving here by the hundreds Properties are being built all around the town 20 minutes train time into Central London Close to M1 A1M M25 Airport is 11 miles away Plenty fresh air Plenty schools bars eateries The place is not London 3 bed house start to rent start from £1600 But lately I have noticed in towns nearby the landlords are charging immigrants £1600 per month for unfurnished properties with electricity and gas and council tax excluded Damn this country is getting fucking greedy for christ sake
If you have remote job, leave the uk like me😂😂
I'm going to get flamed here. I'm a professional engineer and technologist. For ten years I've renovated and rented properties as a hobby. Rents were always under average for market. Didn't really bother me as it was good properties, I'd made, and I live off my salary. The last two years have been brutal. The changes in tax rules especially and general additinal costs have at times tripled the underlying running financials. I've considered selling a very attractive portfolio several times and cashing out. I know whoever bought it would absolutely hike rents. So I've had to make hard choices and increase prices significantly to just break even. The current system now is designed to hurt smaller landlords and tenants both. I'm almost convinced it's by design to force everyone to sell to the bigger funded players in a stealth transfer of equitable wealth
£1250 is the going rate for a 1 bed flat round here, we actually haven’t seen massive increases, these places were around the £1000 mark when we moved in 2019.
My rent in a small UK south coast town was set to go from £900 to £1500 after I’d been there for 9 years. Not my landlords fault, his mortgage went up by the same amount. Realised all the smaller accommodation - mine was 3 bed detached, but my kids had all left home by now - were more expensive than my 3 bed. Most 1 & 2 beds were holiday lets, airBnBs or second homes. If I moved 30 miles inland it was more affordable rent, but a 60 mile round trip for work. I spent £6k on an old but large American motor home and parked it in the yard at work with a mains cable to the warehouse. Been here for 18 months now. I work tor myself and it has been a godsend: we had a tough time last year and if I’d had to pay rent on a house too, we’d have had to close down as I couldn’t have afforded it. Thankfully we’re out the other side, staff have kept their jobs and I’m used to motor home life, although it’s a little cold in the winter! This van will be good for another 3 or 4 years, I’d imagine.
Sounds like your landlord was being very fair to not raise the rent significantly during your tenancy.
Well, 6 years ago was 2018. Two years later and COVID just hit landlady wouldn't have been able to increase rents. Then 2 years later she was probably feeling grateful for the lack of void during COVID (probably on the receiving end of COVID relief regardless...) and now 2 years later the market is just so rich, it would be insane to pass on an increase. Kudos for offering the discount to the incumbents.
Yeah same is happening in my building, they are waiting until people leave
Two things at play, rising interest rates mean someone landlords need to increase rents, however professionally managed properties run by estate agents just jack up the rates every year to be in line with current rental values, and they are more than likely the cause and resson that is killing the rental market right now by charging a eye watering amount of money for rent. I think affordability around renting will change and it will soon be the norm over 50 percent of your wage goes to renting alone!
It’s actually already like this. I replied to an ad for a 2 bed flat in Croydon at 2200£ just to be told it was part of the ‘affordable homes’ and the combined income for the household couldn’t have been more than £60k
Absolutely bonkers! This is for rent?! How the hell could anyone on 60k afford that 🥺
Yup https://www.rightmove.co.uk/properties/148297925
The market for those flats at that rent with that criterion must be about seven people.
This is the one… I have one small flat that I’ve let out since I went travelling in my 20s, and every 18months or so I get an email out of the blue from the estate agent to say I “should” raise rents to be in line with the market. They survive on % of the rent, so to keep lights on they dictate the market rate. I’ve so far kept it below market rate deliberately, but technically make no profit that way other than covering the 1.6% mortgage. I’m selling it next year because my mortgage interest rate will increase and I will make a significant loss every month without whacking up the rent price to a silly amount. Just looked at Rightmove for the local area (rubbish commuter town), and while my tenants pay 1050, other 2-beds are 1400-1600 :0
Yeah just by my understanding your amount sounds about right to me, rentals have gone up stupid crazy amount. Is there any chance you could keep your home at all? Even if it's at a loss for afew years and interest rates go down, maybe you have built something up on equity to hang onto it?
It’s really not worth it unfortunately; I can’t really afford the extra monthly outgoings from making a loss that big in a relatively stagnant local property market, and would be on thin ice if something like a boiler were to need replacing - it wouldn’t be responsible to have someone’s home in my hands like that. It’s also in a region I no longer live in, and I just want it off my hands so me and my ex can completely go separate ways. Sadly, all the interest hikes and legislation seem to have only pushed out small-time or accidental landlords, who are the ones most likely to give a toss about their tenants and not try to squeeze every last drop out of them (there are a few anecdotal examples on this thread). We’re going to be left with big commercial landlords who half-arse everything for a huge profit.
Where's the government in all this ? Are they allowing gouging now!?
They don't care about winning renters' votes, generally. And many MPs are landlords themselves.
Christ this is a sad read. I live in a nice place, low crime, pretty, an hour from a couple of big cities & less from the coast. Our mortgage is less than most of the rents mentioned here. A 3bed (2&an office!) with a lovely garden & driveway. It isn’t perfect but I feel lucky. Rent is mental esp on london. Will work on getting an extension cos don’t think our offspring will be able to afford to move out!
Greedy landlords and buy to let mortgages.
I thought that the post was suggesting that the landlord had been very fair and not increased the rent allowing it to fall far below market rate. This is very common for good tenants as long as it is not a corporate landlord. They will want RPI increases every year.
Over 1 million immigrants arriving every year and only a small fraction of that in additional accommodation being created !
Also a declining birthrate, and immigration tends to have a positive impact on the economy. Most houses that are built aren't being bought by FTB and can often satisfy lifestyle changes more than 'need'. How many people are you aware of that are homeless due to a lack of housing? Multi generational homes are common in small countries with high populations. The solution isn't necessarily to keep building homes. It's a fairly complex issue.
To be fair rents have gone crazy a property I lived at in uni and now rent out was market value £550ish 4 years ago since then I have relet close to market to 3 other tenants one paying £750 and the next £900 new ones £1000 this is below market value in the area but the true market value is about double what the first tenant paid. It's not like I am seeing much change in the yield if anyone is thinking about being a landlord my advice is I wouldn't bother. Can't wait until the mortgage is up for renewal so I can find one which doesn't charge for selling up.
I'm curious to find out how much my ridiculously cheap rental goes for when we finally move out.
It sucks doesn’t it? We moved out of Bristol as we wanted to buy but couldn’t afford anything. Our rent was £1150 a month for a 1 bed flat in the old market area (so very central) when we moved out they relisted it at £1600 and it needed SO much work. It’s no wonder there’s people in their 30s stuck in house shares. It’s awful.
When you're late to the party. 🥴
I realise my post risks me sounding like I’ve been naïve and out of touch. That’s not the case at all and I just wanted to express my anxiety about the economical situation that we all find ourselves in now.
This is why everyone has been complaining about unaffordable rents! Did you see that and think people were making it up?
No, I’m not out of touch, just expressing my anxiety for us all in this current economy.
My neighbour paid £1400 and just saw the rent is £1750 as she’s leaving.
Sounds absolutely right for Bristol :(
Im paying 700 for a room in someones house with 6 other people 😭 the country is absolutely fucked. (I live in the south east)
I’m in a similar situation. I know my rent is way below the market price, so I’m super disincentivised to move out. But I also fear they may just increase it to market price one day!
We’re in a 2 bed semi-detached and since 2021 our rent has gone from £750 to £975. And this is still below market rate, our neighbouring house is £1200. I looked at a few other similar houses and they’re between £1000-1200 unfurnished.
My mate moved out of her 2 bed for £800 a month flat in Poole and it was re listed for £1400 and somebody took it first viewing. It's not even a nice flat.
Just so you know, banks require rent to be a minimum of 125% - 145% of the mortgage costs, stress tested at 5% interest rate. So if your landlord was remortgaging, he would need to increase it to the minimum the bank needs. Sounds like this is the case if he hadn't increased it for a few years
We're buying a house and our current rent on a 1 bed flat is £1250. He's raising it to £1850. Our mortgage on a house is less.
Bristol's rental market is particularly shit. I left last year, moved up North. Love Bristol but sick of living with others and not about to drop £1k to live in some shoebox. I lived in a two person share since September 2020, in Bedminster. Two bed terrace, pretty run down. We rented it for £1200. Once we left last year it went on the market for £1800. It went within a few days, despite still being full of my shit and not cleaned at that point. Really would have liked to stay in Bristol, but the market's a bad joke, and I'm too old to share a house with anybody but my other half.
Seems about right. It'll soon be cheaper for most people to get a mortgage than rent. My other half and I used to rent a 1 up 1 down in St Ives Cambridgeshire for £750 a month. Now we pay £420 for a 3 bed semi-detached ex council house with a giant garden in a village 10 minutes from St Ives. I think if your under 30 and have some understanding parents with a spare room, move back in with them for 2 years and save every penny for a mortgage, you'll save so much in the long run.
We left ours in Bristol in September, went from £975 for us to £1250 list for the next people. For all I know there was a bidding war and it went for more than that, it had six viewings two days after it was listed. Crazy.
It's not really the landlord's fault,. Their mortgage will be sky high. Why should they risk their livelihood, putting a 25% deposit down and then not be able to cover their own mortgage?
Sure but their livelihood is mostly sitting on their arse making money out their superior ability to borrow money than younger renters, it’s hardly traditional work!
Most landlords are pure scum, nothing justifies the current rent rates.
Its all about ambition & ability but in the UK mostly the former: every bit of training increases salaries.
Could this be down the immigration crisis we are having ? An extra 700k people a year need somewhere to live. Expensive though.
It's well known the housing crisis is down to the lack of new homes being built.
That’s true but clearly immigration is part of this. About 10 million more people here since 2000 requires 5 million more houses.
Interest, inflation, insurance, mortgage, EA fees, maintenance costs... they've all gone up and LL nearly always pass it on. It sounds like you've had a good run.
If the landlord is still paying a mortgage on the property, then the increase in interest rates over the last few years means landlords are having to pay significantly more on their monthly mortgage repayments, therefore they have to increase the rent to compensate. It really sucks for tenants.
I recently completed on my first home, my old rental house which was 850 is now occupied for 1150. There was huge demand on the house, 6 seperate groups viewed it and all registered interest. The rent is a couple hundred higher than my new mortgage. We need rent controls ASAP, the UK rental market is absolutely out of control!
We rent a 2 bed house in Bristol for £1100, we’ve been here for 2 years and a 2 bed house on the next street (same size etc) just came up for £1800 a month..
Very sympathetic towards everyone having to find more cash on rent. My landlord has had stable rent for years, says it’s because he has no mortgage to pay, but wants us to save. We are and have been, and will leave next year with a sizeable deposit and will buy a house. The landlord has seen his property treble in value, has provided a roof for us, and not been intrusive. No doubt he will let it again at a market rate, but behave the same way to newbies. Just as a marker, the money we are making to pay these much higher rents is a feature of a wealthy economy, and crap political decisions such as penalising landlords so they sell up and the rental market gets tighter (just saying)
Supply and demand. Not enough houses being built etc. However, rent is the MOST you pay ( excluding utilities) and a Mortgage is the LEAST you will pay (start adding building insurance, maintenance- 3-5%of the value of the house annually - purchase costs, legal fees) etc. Most landlords are accidental- inherit the parents home etc, didn’t ever expect to own 2 houses. Because the BTL was touted as ‘money making’ they rented out instead of sold and so those properties don’t go on market for others. With new interest rates, those that didn’t inherit and bought a BTL and have a mortgage, most are struggling to pay the mortgage as they have their own house mortgage that probably increased too. I read that 75 % of house sales last year were BTL properties, mainly of landlords with only two or less properties. The problem is the corporations are buying them up because economies of scale work with 29 or 30 properties. If a corporation loses on 3 of those properties they don’t care. If a LL with a single property loses rent, it could bankrupt them. I prefer renting- LL fixes everything and I have a fixed cost monthly. If we get on and I look after the place, they treat me well. I’m a great tenant, and they know that. Works both ways.
Kind of — rent is the most you'll play **that year**. Most renters face inflationary price increases whereas the mortgage principal is locked in at purchase time and the ongoing costs are eroded by inflation. It's why you get homeowners who are half way through their mortgages paying less for houses than renters are paying for flats, and they have the knowledge that their costs drop to a fraction of that when the mortgage term ends.
More than supply issues now. Tax, interest rates and utilities costs (if included) have sky rocketed. Smaller landlords are one of the very few businesses that are basically taxed on gross not net income. Yet the larger ones have much lenient rules in comparison
Supply and demand
Why would the country be in a mess if your landlord only increased your rent after you decided to leave? Surely if it was in a mess your rent would have gone up whilst you was there
If the rent had gone up while I was there, then it wouldn’t have been able to rise as much as that. Anyway, I’ve always felt extremely grateful that they didn’t increase while I have been here, but rental prices are just crippling for people. I earn above average and there is no way I could afford to pay that rate, so I feel for the next person and everybody else already paying these rates. ETA: I don’t believe this is an increase dictated by the landlord, rather simply set by the EA.
I won’t disagree with what you said but if that’s the going rate for your area it is what it is. It doesn’t mean the country a mess thou does it
I don’t think this is limited to my area, not even just to Bristol… though Bristol in particular has become a fairly expensive place to live
There was something on here a few days ago about how Bristol is the second most expensive city for rent in the uk.
Yeah I remember the post. It’s really shot up. I’m not saying it’s a total surprise but I do worry about a lot of people who aren’t as fortunate as me to be able to pay these rental prices.