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Housing Crisis (Rental)

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By (user no longer on site) OP   
over a year ago

Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

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By (user no longer on site)
over a year ago

It's madness out there. Due to no restrictions on prices landlords are putting the prices sky high as they know that some people will rent it for that price

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By *TG3Man
over a year ago

Dorchester


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences"
yes I've found a room now but it took a while, I think now mortgages are going up to unaffordable levels it will get worse before it gets better

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By *inky_couple2020Couple
over a year ago

North West

Our son and his girlfriend can't afford to move out and so they're living with us. It makes the house rather crowded and we have next to no privacy but at least they're safe, not living in a hovel and can save up some money.

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By (user no longer on site)
over a year ago

As a Landlord, I'm on the other side of the fence. I've had my tenants for the last 5 years and the previous one for 3 years. The rent has been the same for the last 8 years but that's been my choice. When you get a good tenant you want to keep them.

Rents worldwide are on the increase due to the lack of availability of affordable housing.

Working in the mortgage industry, I've seen it harder from single people to get a mortgage unless they have well paid jobs. Have a large deposit (typically using bank of Mum and Dad) and/or have two (or more) people to make up the income required to get the mortgage needed.

I suspect that more and more rooms will be made available over the next couple of years as people struggle to make ends meet and rent out rooms.

PERHAPS FAB could create a room where people who are looking for room find people who have rooms to let out. IF THIS HAPPENS (unlikely) Please make sure both sides do all the necessary checks and balances to ensure your own safety).

I've noticed that house prices have started to come down (one report this morning suggested 9% in the year to date). It doesn't take a genius to work out that until inflation/interest rates drop, and people feel confident enough to move, the number of houses for sale increases, property prices will continue to fall. I'm sure there will be some heading for negative equity if their circumstances change and they are forced to sell.

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By (user no longer on site) OP   
over a year ago

Yea indeed. I had to move in with my bro. Not ideal, but it was either that or the streets as my landlord increased rent by £350 which is hard in current climate

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By *rFoxAndXenoCouple
over a year ago

Weymouth

Shite choice in this neck of the woods as we're host to the middle classes 2nd and 3rd houses.

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By (user no longer on site) OP   
over a year ago


"Shite choice in this neck of the woods as we're host to the middle classes 2nd and 3rd houses."

Damn. Seems it's tough all over

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By *rFoxAndXenoCouple
over a year ago

Weymouth


"Shite choice in this neck of the woods as we're host to the middle classes 2nd and 3rd houses.

Damn. Seems it's tough all over"

Absolutely x

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By *iamondsmiles.Woman
over a year ago

little house on the praire

My son is in rented accommodation. You have to save a deposit and sometimes put 2 months rent down. There very lucky as they've just signed their second year tenancy and the landlord has only put the rent up £25 a month. I've heard some astonishing rent increases

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By (user no longer on site)
over a year ago

[Removed by poster at 18/11/22 09:51:39]

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By (user no longer on site)
over a year ago

Yeah renting at the moment the increases in rent and utilities make it harder than ever

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By (user no longer on site)
over a year ago

Interest rates rising is a fucker. Most buy to let’s are interest only I think? Could be wrong, which means any hike by the BOE gets passed on to the tenant or potential tenant.

Am hoping it starts to settle a bit otherwise housing markets will begin to crash..which I think is already starting. Feel for those trying to find a place to rent or facing continuing rises in rental fees each month

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By *museBouche31Woman
over a year ago

Reigate


"Yea indeed. I had to move in with my bro. Not ideal, but it was either that or the streets as my landlord increased rent by £350 which is hard in current climate "

How can this be a justifiable rent increase? Mortgage repayments may have changed but as a percentage of what you were probably paying, this is crazy. Sounds like panic + pure greed.

It astonishes me that landlords are so willing to turf out tenants and would rather go through lots of short term lets (until they can subsequently no longer pay) than have stable, long term tenants that look after their home.

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By *altenkommandoMan
over a year ago

milton keynes


"Interest rates rising is a fucker. Most buy to let’s are interest only I think? Could be wrong, which means any hike by the BOE gets passed on to the tenant or potential tenant.

Am hoping it starts to settle a bit otherwise housing markets will begin to crash..which I think is already starting. Feel for those trying to find a place to rent or facing continuing rises in rental fees each month"

The changes in the tax regimes have utterly fucked the rental market frankly. The loss of mortgage interest tax relief means that you get utterly shafted as a landlord, because you can no longer write off the costs of owenership from the way you income tax is calculated, which creates this absurd poistion where you pay income tax on negative income if you have a mortgage.

What this has led to is a lot of small landlords who had one or two buy to lets on a mortgage as an investment have found themselves paying tax on rent as if it was all income (when a large proprtion is not money in your pocket but money going to the mortgage lender to service the debt) and with climbing CGT have sold up, reducing supply in the market at a time that demand is increasing.

It’s a typical case of poor policy done for the immediate optics of how it plays in the press leading to foreseeable and avoidable adverse longer-term consequences.

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By *b72Man
over a year ago

Nottingham

Strangely I was planing on looking for a lodger for my spare room next year. A few extra quid would be useful

You can get up to £625 a month and the tax man isn't interested

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By *inger_SnapWoman
over a year ago

Hampshire/Dorset

Prices are ridiculous, my rent is very reasonable, but there are properties in the same road, going for nearly 500 more a month. Still only 2 up 2 downs... And it's cheaper for me to stay here than downsize to a 1 bed place

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By (user no longer on site)
over a year ago

We don't have a housing crisis we have a people crisis we have far to many people in the country.. more people means any empty property is quickly taken and higher rents

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By *aby.girlWoman
over a year ago

St albans

Crazy round here your looking at around 400+ just to rent a room

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

It’s so hard I don't know how people on average wages & credit histories ever find rental accom.

In the last couple of years I’ve been a guarantor for a family member and a friend. I also rented a house for my daughter for a while and even on 6-figure salary, perfect credit history, work and bank references I found it hard to get accepted for a tenancy as there was so much demand and houses where landlords made no effort to make them liveable. In the end all I could find was a house in such a bad state of repair available as-is, not even cleaned, missing keys for the back door, broken shower, leaking plumbing, cracked windows. I reluctantly rented it for 12 months at £800 per month until I completed a purchase for her but I left them owing rent and never registered for or paid water or utilities for a year. Greedy landlords get what they deserve

My advice would be use HTB ISA and Equity loans and buy new. Old houses are costly unless you have the skills time and materials yourself

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By *ackandtheunicornCouple
over a year ago

liverpool


"We don't have a housing crisis we have a people crisis we have far to many people in the country.. more people means any empty property is quickly taken and higher rents "

I reckon there are more than enough homes just many greedy people own multiple homes which are often left empty.

I can't prove it though, it's hard to figure out as different numbers of people I've in each dwelling.

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By (user no longer on site)
over a year ago


"We don't have a housing crisis we have a people crisis we have far to many people in the country.. more people means any empty property is quickly taken and higher rents

I reckon there are more than enough homes just many greedy people own multiple homes which are often left empty.

I can't prove it though, it's hard to figure out as different numbers of people I've in each dwelling. "
that will only be a small percentage most 2nd homes are in holiday resorts yes there will be quite a few in London because people commute for work then go home at the weekend but no were near as we need

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By *wingfellowMan
over a year ago

my own little sanctuary

In my opinion The rise in HMO properties have a lot to blame with the extortionate rent costs. Landlords have realised they can make a property into a HMO and rent rooms at £100+ per week. As such the rental market has followed.

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By *MisschiefxTV/TS
over a year ago

London

I spend a fortune on rent in London, our place is 2k+ a month. Buying anywhere we want to live here is completely out of the question. 700k and up.

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By *ose and her beastCouple
over a year ago

Watford

Gonna be straight with you if your cool with it do a flat share you can get a really nice place and it's much more cost efficient sharing we would love it to be just us two again but we just can't afford it rent is ridiculous everywhere and if it isn't there aren't any jobs local

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By *rHotNottsMan
over a year ago

Dubai & Nottingham


"We don't have a housing crisis we have a people crisis we have far to many people in the country.. more people means any empty property is quickly taken and higher rents "

No we have an affordable housing crisis affecting working and now middle classes and a skills and education crisis of the working classes.

Population isn’t an issue if you build the right kinds of housing, create the right kinds of jobs and have good services. We are taxed higher than most countries in the world so the government have enough of our money to fix these problems.

Stop believing the old Brexit nonesense about immigration , it was all made up so that rich Tories can steal more of our money

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By (user no longer on site)
over a year ago


"Interest rates rising is a fucker. Most buy to let’s are interest only I think? Could be wrong, which means any hike by the BOE gets passed on to the tenant or potential tenant.

Am hoping it starts to settle a bit otherwise housing markets will begin to crash..which I think is already starting. Feel for those trying to find a place to rent or facing continuing rises in rental fees each month"

Yes you are right. Most buy to let mortgages are interest only, although even if they were repayment, any increases to interest rates would apply in the same way, unless they are on a fixed rate product (most of them are)

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By *ood time Chris BMan
over a year ago

TAUNTON AREA


"Interest rates rising is a fucker. Most buy to let’s are interest only I think? Could be wrong, which means any hike by the BOE gets passed on to the tenant or potential tenant.

Am hoping it starts to settle a bit otherwise housing markets will begin to crash..which I think is already starting. Feel for those trying to find a place to rent or facing continuing rises in rental fees each month

The changes in the tax regimes have utterly fucked the rental market frankly. The loss of mortgage interest tax relief means that you get utterly shafted as a landlord, because you can no longer write off the costs of owenership from the way you income tax is calculated, which creates this absurd poistion where you pay income tax on negative income if you have a mortgage.

What this has led to is a lot of small landlords who had one or two buy to lets on a mortgage as an investment have found themselves paying tax on rent as if it was all income (when a large proprtion is not money in your pocket but money going to the mortgage lender to service the debt) and with climbing CGT have sold up, reducing supply in the market at a time that demand is increasing.

It’s a typical case of poor policy done for the immediate optics of how it plays in the press leading to foreseeable and avoidable adverse longer-term consequences. "

This is very true which is why I sold up

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By (user no longer on site)
over a year ago


"Gonna be straight with you if your cool with it do a flat share you can get a really nice place and it's much more cost efficient sharing we would love it to be just us two again but we just can't afford it rent is ridiculous everywhere and if it isn't there aren't any jobs local "

If i've understood you correctly, you are renting and looking at sub letting? If so, then double check your rental agreement as MOST AST have a clause forbidding this..

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By *MisschiefxTV/TS
over a year ago

London


"Gonna be straight with you if your cool with it do a flat share you can get a really nice place and it's much more cost efficient sharing we would love it to be just us two again but we just can't afford it rent is ridiculous everywhere and if it isn't there aren't any jobs local "

Yeah if me and my GF didn't live together my situation would be very different. Having to have housemates in your thirties is a pretty bleak prospect.

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By *rHotNottsMan
over a year ago

Dubai & Nottingham


"

The changes in the tax regimes have utterly fucked the rental market frankly. The loss of mortgage interest tax relief means that you get utterly shafted as a landlord, because you can no longer write off the costs of owenership from the way you income tax is calculated, which creates this absurd poistion where you pay income tax on negative income if you have a mortgage.

"

Hmmm seems like you want it both ways - borrowing as a consumer and avoiding tax as a business ? The tax change only affects you if you’re an individual, just incorporate as a business and you’ll get full tax relief still. If this change drives out small landlords with one property avoiding paying any tax then it’s a good thing in my opinion

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By *ohn KanakaMan
over a year ago

Not all that North of North London

We're lucky as we have a good landlord and the rent has only gone up twice in 5 years and fairly nominal amounts to cover the service fee on the property.

I'm glad I dint rent in London anymore, it's insane wjat people pay. I know people with good jobs moving further and further out because landlords want their profit.

I was paying £850 for a flat in Central Camden in 2007, now you would be lucky to find a room for that price, it's ridiculous

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By *inaTitzTV/TS
over a year ago

Titz Towers, North Notts

It's hard not to see large parts of the rental sector as being exploitative.

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By *rFoxAndXenoCouple
over a year ago

Weymouth


"It's hard not to see large parts of the rental sector as being exploitative. "

Indeed! A large part of why I want to buy asap is because I'd rather that than pay someone else's mortgage

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By *ayyorksMan
over a year ago

Halifax yorkshire

I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent

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By (user no longer on site)
over a year ago


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent "

If your landlord has a mortgage I bet his lender doesn't know and subletting is against the terms and conditions of all the mortgage lenders I know.

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By *ohn KanakaMan
over a year ago

Not all that North of North London


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent "

Ignoring the fact that is illegal, you are exploiting people completely unnecessarily.

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By *ohn KanakaMan
over a year ago

Not all that North of North London


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent "

I assume the landlord is oblivious to your subletting so probably not all that happy

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By *ayyorksMan
over a year ago

Halifax yorkshire

Yes i take on a aggrement with the landlord . Pay him 2 years rent upfront so he is happy

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By *ohn KanakaMan
over a year ago

Not all that North of North London


"Yes i take on a aggrement with the landlord . Pay him 2 years rent upfront so he is happy "

But do they know you are subletting their propert after signing that agreement with them?

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By *ad NannaWoman
over a year ago

East London


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent "

Do they not do a tenant check? I have one every couple of years.

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By *ad NannaWoman
over a year ago

East London


"Yes i take on a aggrement with the landlord . Pay him 2 years rent upfront so he is happy "

So they know you're subbing. He gets a lump sum up front.

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By *ohn KanakaMan
over a year ago

Not all that North of North London


"Yes i take on a aggrement with the landlord . Pay him 2 years rent upfront so he is happy

So they know you're subbing. He gets a lump sum up front."

I can't believe they know. I fail to see what is in it for the landlord that renting direct for £850 a month wouldn't achieve other than a completely unnecessary middleman offering no real benefit as any issues would stil be the landlords to deal with?

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By *ove2pleaseseukMan
over a year ago

Hastings


"Yes i take on a aggrement with the landlord . Pay him 2 years rent upfront so he is happy

But do they know you are subletting their propert after signing that agreement with them?

You are assuming there is a lender I know lots of landlords how have know deat just lots of property asset rich and cash pore.. Well not pore but the Astin Martin is expensive to service.

"

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By *rincess peachWoman
over a year ago

shits creek


"Yea indeed. I had to move in with my bro. Not ideal, but it was either that or the streets as my landlord increased rent by £350 which is hard in current climate

How can this be a justifiable rent increase? Mortgage repayments may have changed but as a percentage of what you were probably paying, this is crazy. Sounds like panic + pure greed.

It astonishes me that landlords are so willing to turf out tenants and would rather go through lots of short term lets (until they can subsequently no longer pay) than have stable, long term tenants that look after their home.

"

There are plenty of rentals that have utilities included in the rent, I would guess that a hike that high would be one of those.

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By *ayyorksMan
over a year ago

Halifax yorkshire

Yes they know

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By *ohn KanakaMan
over a year ago

Not all that North of North London


"Yes they know"

So whats in it for them? Are you acting as a letting agent?

You are making £5k over 2 years to sublet the property and I genuinely cannot see a benefit to the landlord beyond a lump sum of cash but there are lots of potential pitfalls for them?

It just seems completely exploitive of the tenants to

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By *iddle ManMan
over a year ago

Walsall

It's a simple supply and demand situation. The landlords are putting prices up as they know people are still paying it. The problem is that people are being forced to pay it due to the lack of choice in rented accommodation. Also as the mortgage market is rocketing too it is being aloud to be passed onto tenants.

My heart goes out to those renting at the moment.

The whole housing market could do with a reset, so a crash might be beneficial in the long run.

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By *ayyorksMan
over a year ago

Halifax yorkshire

Its a market demand ...yes they save agents fees

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By (user no longer on site)
over a year ago

well, the only way to resolve the issue is less people, building more properties isn't working, the rental ones are all overpriced and too many are being used as air b'n'b or short term lets

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By *nabelle21Woman
over a year ago

B38


"Our son and his girlfriend can't afford to move out and so they're living with us. It makes the house rather crowded and we have next to no privacy but at least they're safe, not living in a hovel and can save up some money."

It is the same for me, only with my son and granddaughter.

I don't know how folk are expected to pay such outrageous rents!

I find the situation sad and depressing.

Something has to be done about it.

It's been bad for a long time but now and I just don't know how he and others will find a way to rent.

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By *TG3Man
over a year ago

Dorchester


"Our son and his girlfriend can't afford to move out and so they're living with us. It makes the house rather crowded and we have next to no privacy but at least they're safe, not living in a hovel and can save up some money.

It is the same for me, only with my son and granddaughter.

I don't know how folk are expected to pay such outrageous rents!

I find the situation sad and depressing.

Something has to be done about it.

It's been bad for a long time but now and I just don't know how he and others will find a way to rent."
how much to rent a place in your area then?

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By *nabelle21Woman
over a year ago

B38


"well, the only way to resolve the issue is less people, building more properties isn't working, the rental ones are all overpriced and too many are being used as air b'n'b or short term lets"

They are not building nearly enough. I believe the right to buy is about to end, at least for the council my daughter is with. I agree with right to buy but it has taken so much stock away.

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By *nabelle21Woman
over a year ago

B38


"Our son and his girlfriend can't afford to move out and so they're living with us. It makes the house rather crowded and we have next to no privacy but at least they're safe, not living in a hovel and can save up some money.

It is the same for me, only with my son and granddaughter.

I don't know how folk are expected to pay such outrageous rents!

I find the situation sad and depressing.

Something has to be done about it.

It's been bad for a long time but now and I just don't know how he and others will find a way to rent.how much to rent a place in your area then? "

Not enough, if the rent charged to my son is anything to go by

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By (user no longer on site)
over a year ago


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences"

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

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By *nabelle21Woman
over a year ago

B38


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent "

I understand wanting to earn cash but my conscience would get to me doing this.

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By *nabelle21Woman
over a year ago

B38


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything……."

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

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By *rincess peachWoman
over a year ago

shits creek


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent

I understand wanting to earn cash but my conscience would get to me doing this.

"

Agreed. All feels a bit scammy and preying on the vulnerable

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By (user no longer on site)
over a year ago

Even in my gloomy old town, houses are snapped up before they finish nailing the board to the wall. You have no chance.

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By (user no longer on site)
over a year ago


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!"

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places

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By *ayyorksMan
over a year ago

Halifax yorkshire

I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent

I understand wanting to earn cash but my conscience would get to me doing this.

Agreed. All feels a bit scammy and preying on the vulnerable

Its not a scam it's service that suits all involved..one property i do this way is a hmo

..tennats go dont pay etc..so my service keeps landlords happy

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By *rincess peachWoman
over a year ago

shits creek


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent

I understand wanting to earn cash but my conscience would get to me doing this.

Agreed. All feels a bit scammy and preying on the vulnerable

Its not a scam it's service that suits all involved..one property i do this way is a hmo

..tennats go dont pay etc..so my service keeps landlords happy"

What service do you provide the tenants other than collecting £200 per month off them that they shouldn't really be paying, because that's not the actual cost of the rental? Who is their tenancy with? You? Your landlord?

Are you insured? Do you declare the monies you receive and pay tax on them as other businesses do?

If not, as far as I can see it's basically theft.

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By *iddle ManMan
over a year ago

Walsall


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent

I understand wanting to earn cash but my conscience would get to me doing this.

Agreed. All feels a bit scammy and preying on the vulnerable

Its not a scam it's service that suits all involved..one property i do this way is a hmo

..tennats go dont pay etc..so my service keeps landlords happy"

In this current climate of a cost of living crisis, you think bragging about ripping people off is going to help you on this site?

How many people do you think have blocked you as a result of not wanting to meet someone such as yourself.

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By (user no longer on site)
over a year ago

I'm paying 300 to rent a room.

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By *ornyguyMan
over a year ago

Hillsborough, NI


"Interest rates rising is a fucker. Most buy to let’s are interest only I think? Could be wrong, which means any hike by the BOE gets passed on to the tenant or potential tenant.

Am hoping it starts to settle a bit otherwise housing markets will begin to crash..which I think is already starting. Feel for those trying to find a place to rent or facing continuing rises in rental fees each month

The changes in the tax regimes have utterly fucked the rental market frankly. The loss of mortgage interest tax relief means that you get utterly shafted as a landlord, because you can no longer write off the costs of owenership from the way you income tax is calculated, which creates this absurd poistion where you pay income tax on negative income if you have a mortgage.

What this has led to is a lot of small landlords who had one or two buy to lets on a mortgage as an investment have found themselves paying tax on rent as if it was all income (when a large proprtion is not money in your pocket but money going to the mortgage lender to service the debt) and with climbing CGT have sold up, reducing supply in the market at a time that demand is increasing.

It’s a typical case of poor policy done for the immediate optics of how it plays in the press leading to foreseeable and avoidable adverse longer-term consequences. "

yeah, I became a landlord just as the HMRC changes were starting to punish landlords and I ended up deciding it wasn't worth it after 4 years or so and sold up.

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By *ohn KanakaMan
over a year ago

Not all that North of North London


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent

I understand wanting to earn cash but my conscience would get to me doing this.

Agreed. All feels a bit scammy and preying on the vulnerable

Its not a scam it's service that suits all involved..one property i do this way is a hmo

..tennats go dont pay etc..so my service keeps landlords happy"

You still haven't explained what the benefits are to the landlord who appear to be losing 200 a month to an unlicensed letting agent?

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By *herryblossom_BJWoman
over a year ago

Oxfordshire/Hampshire

Yes

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By *TG3Man
over a year ago

Dorchester


"Our son and his girlfriend can't afford to move out and so they're living with us. It makes the house rather crowded and we have next to no privacy but at least they're safe, not living in a hovel and can save up some money.

It is the same for me, only with my son and granddaughter.

I don't know how folk are expected to pay such outrageous rents!

I find the situation sad and depressing.

Something has to be done about it.

It's been bad for a long time but now and I just don't know how he and others will find a way to rent.how much to rent a place in your area then?

Not enough, if the rent charged to my son is anything to go by "
lol

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By (user no longer on site)
over a year ago

I think air bnb is definitely having a negative impact on the rental side - its taking family properties off the market as air bnb'ers realise they can make more money, for less hassle

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By *mightyMan
over a year ago

Scarborough

iv got 2 spare bedrooms & my rents only 360mth.I ain’t complaining not sure why need flat this big tho thats the clowncil for you

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By *risxbrisxMan
over a year ago

Bristol

The rental market here is Bristol one of the worst in the UK,

Even for a room in a shared house the average price is hitting 650/700pm not including bills & council tax.

Average price for a studio apartment or 1 bed flat in a half decent location is 900+pm not including bills and council tax.

Luckily my landlord has not put rent up, but I'm hearing others are getting fucked over.

Also as mentioned above the Airbnb thing is also an issue.

Historically the property market runs in 18 year cycles and has done for the last 200 years, coupled with macro-economic conditions housing prices should decline as imbalance in supply and demand grows but It will take a few years still. Unfortunately renters will still be left paying the same inflated rent prices.

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By (user no longer on site) OP   
over a year ago


"Yea indeed. I had to move in with my bro. Not ideal, but it was either that or the streets as my landlord increased rent by £350 which is hard in current climate

How can this be a justifiable rent increase? Mortgage repayments may have changed but as a percentage of what you were probably paying, this is crazy. Sounds like panic + pure greed.

It astonishes me that landlords are so willing to turf out tenants and would rather go through lots of short term lets (until they can subsequently no longer pay) than have stable, long term tenants that look after their home.

"

This is exactly my thought. I am the type of tenant that treats a place almost better than I would treat my own purchased property. While I understand that cost of living also affects Landlords, my rent increase was just mot manageable. Especially with no increase in my salary. It's tough out here and on rental apartment sites and rental room sites its very competitive with Landlords making random demands or selection process. I was asked recently if i liked cooking as the landlord didn't want a person that would use the kitchen often. This was for renting a room that cost £950 a month.

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By (user no longer on site)
over a year ago


"In my opinion The rise in HMO properties have a lot to blame with the extortionate rent costs. Landlords have realised they can make a property into a HMO and rent rooms at £100+ per week. As such the rental market has followed."

You won’t get an HMO room to rent for that price in the South East. You have forgotten that HMO rooms include a share of the utilities, cleaner, council tax etc without even facturing in the price of the property, managements fees, insurance and mortgage costs.

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By (user no longer on site) OP   
over a year ago


"In my opinion The rise in HMO properties have a lot to blame with the extortionate rent costs. Landlords have realised they can make a property into a HMO and rent rooms at £100+ per week. As such the rental market has followed.

You won’t get an HMO room to rent for that price in the South East. You have forgotten that HMO rooms include a share of the utilities, cleaner, council tax etc without even facturing in the price of the property, managements fees, insurance and mortgage costs."

Indeed. HMO's that i have seen in south London are not cheap.

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By (user no longer on site)
over a year ago

Yes. I moved to Ireland and currently living with my inlaws trying to save for a deposit. I can't see us getting a place anytime within the next 10 years. A 1 bedroom flat is at least €1300 a month and it would be too small and completely out of our budget. A 10 year wait for a council property.

I'm very worried about what our future holds here. And even if we moved back to the UK, we would struggle. Our 3 bed house that was £750 to rent went back on for £1100 after we moved out.

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By (user no longer on site)
over a year ago

I'm taking it in the proverbials from both directions at the minute. Interest rates have seen my mortgage increase by £250 a month for my unrentable house in Holland and I was informed that my rent here in UK was going up by £250 3 months after I moved in. Winner chicken dinner. Being pushed out of my job last month hasn't really helped me much either

Making ends not completely unravel by working nights at Amazon warehouse until I pick up a new contract. I think people are all going to be getting second and third jobs just to survive this post COVID inflation issue.

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By (user no longer on site) OP   
over a year ago


"Yes. I moved to Ireland and currently living with my inlaws trying to save for a deposit. I can't see us getting a place anytime within the next 10 years. A 1 bedroom flat is at least €1300 a month and it would be too small and completely out of our budget. A 10 year wait for a council property.

I'm very worried about what our future holds here. And even if we moved back to the UK, we would struggle. Our 3 bed house that was £750 to rent went back on for £1100 after we moved out. "

Just crazy insane all over.

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By (user no longer on site)
over a year ago


"We don't have a housing crisis we have a people crisis we have far to many people in the country.. more people means any empty property is quickly taken and higher rents "

This....england is full

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By *nabelle21Woman
over a year ago

B38


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places "

Most definitely! The last thing one needs is constantly battling with others to keep a clean and tidy house

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By *nabelle21Woman
over a year ago

B38


"We don't have a housing crisis we have a people crisis we have far to many people in the country.. more people means any empty property is quickly taken and higher rents

No we have an affordable housing crisis affecting working and now middle classes and a skills and education crisis of the working classes.

Population isn’t an issue if you build the right kinds of housing, create the right kinds of jobs and have good services. We are taxed higher than most countries in the world so the government have enough of our money to fix these problems.

Stop believing the old Brexit nonesense about immigration , it was all made up so that rich Tories can steal more of our money "

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By *TG3Man
over a year ago

Dorchester


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places

Most definitely! The last thing one needs is constantly battling with others to keep a clean and tidy house "
I can't compete with my housemates so I use my room and the shower that's it lol

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By (user no longer on site)
over a year ago

It's completely insane in our part of London too. I saw a local post the other day on a local group saying they had gone to visit a property and there were 17 people queuing outside. The couple that ended up with the property paid £400 a month more than what was being asked and I've heard loads of stories like this recently.

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By *nabelle21Woman
over a year ago

B38


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places

Most definitely! The last thing one needs is constantly battling with others to keep a clean and tidy house I can't compete with my housemates so I use my room and the shower that's it lol "

Last night my son went to use the bathroom and another tenant had been sick on the floor and left it! He very almost trod in it! I just can't comprehend it ... leaving sick on the floor.

The tenant has a drug addiction, needed a fix and was sick because if it.

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By (user no longer on site)
over a year ago


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places

Most definitely! The last thing one needs is constantly battling with others to keep a clean and tidy house I can't compete with my housemates so I use my room and the shower that's it lol "

When I first divorced I ended up in a HMO as COVID stopped all property viewings and it was the only place I could afford and get into. It was bloody awful - washing the shower tray down before getting in it and trying not to touch the walls, don't get me started on the toilets I constantly had to take the trap off the kitchen sink to empty people's leftovers coagulated with fat out #bleurgh.. Rotten food lying around everywhere and piles of dirty crockery and pans. As for the bins and recycling mountain!!!! I just don't know how people live like that. I've been in war ravaged environments and they don't live like this

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By *TG3Man
over a year ago

Dorchester


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places

Most definitely! The last thing one needs is constantly battling with others to keep a clean and tidy house I can't compete with my housemates so I use my room and the shower that's it lol

When I first divorced I ended up in a HMO as COVID stopped all property viewings and it was the only place I could afford and get into. It was bloody awful - washing the shower tray down before getting in it and trying not to touch the walls, don't get me started on the toilets I constantly had to take the trap off the kitchen sink to empty people's leftovers coagulated with fat out #bleurgh.. Rotten food lying around everywhere and piles of dirty crockery and pans. As for the bins and recycling mountain!!!! I just don't know how people live like that. I've been in war ravaged environments and they don't live like this "
exactly but they do and mines no different I had to ask the landlord to ask the other people to lock the front and back doors lol

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By *atisfiedSighWoman
over a year ago

NW Wiltshire

I've been looking lately and there's just no way on earth that I could afford even a room in a crack den, and that's on a professional wage.

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By (user no longer on site)
over a year ago

If I don't pick up another contract by January I will have to move back to Holland as I can't face another HMO. Moving in with BB is too complicated and could lose her house so that's not an option.

The antiquated planning law's in this country have got a lot to answer for. When someone owns all the land and property and gets to decide if and when anyone can build more then it's hardly surprising that competitive priced accommodation is not available, especially given that some bright spark sold all of the social housing off into the private market.

A good friend of mine an astute businessman told me the way to get rich - corner the market and then drive up the price.

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By *nabelle21Woman
over a year ago

B38


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places

Most definitely! The last thing one needs is constantly battling with others to keep a clean and tidy house I can't compete with my housemates so I use my room and the shower that's it lol

When I first divorced I ended up in a HMO as COVID stopped all property viewings and it was the only place I could afford and get into. It was bloody awful - washing the shower tray down before getting in it and trying not to touch the walls, don't get me started on the toilets I constantly had to take the trap off the kitchen sink to empty people's leftovers coagulated with fat out #bleurgh.. Rotten food lying around everywhere and piles of dirty crockery and pans. As for the bins and recycling mountain!!!! I just don't know how people live like that. I've been in war ravaged environments and they don't live like this "

This dreadful picture is so familiar to me.

These are the battles than I mentioned earlier.

It becomes soul destroying!

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By (user no longer on site) OP   
over a year ago


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences

I’m stuck In a student professional house resigned today as it’s too much of a risk to move out in July…….it’s cheap tho £450 for everything…….

My other son is stuck in a shared house. It could be worse! But it could also be better if the people he shared with were cleaner and considerate!

Yeah I’m quite lucky in a way as of the cheap nature….

Unfortunately the mess is a constant minefield in these places

Most definitely! The last thing one needs is constantly battling with others to keep a clean and tidy house I can't compete with my housemates so I use my room and the shower that's it lol

When I first divorced I ended up in a HMO as COVID stopped all property viewings and it was the only place I could afford and get into. It was bloody awful - washing the shower tray down before getting in it and trying not to touch the walls, don't get me started on the toilets I constantly had to take the trap off the kitchen sink to empty people's leftovers coagulated with fat out #bleurgh.. Rotten food lying around everywhere and piles of dirty crockery and pans. As for the bins and recycling mountain!!!! I just don't know how people live like that. I've been in war ravaged environments and they don't live like this

This dreadful picture is so familiar to me.

These are the battles than I mentioned earlier.

It becomes soul destroying!"

Sad hearing all this

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By (user no longer on site) OP   
over a year ago

Any positive housing updates?

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By *ristinapinkWoman
over a year ago

Staines-upon-Thames

The rental market has been insane. I had to move last year, the most I could afford was a flat with lots of issues. Since I moved the landlord fixed a couple of the things, but keeps ignoring some of them and had the nerve of putting my rent up. I looked around to see if I could move to a more liveable place, but the prices are insane. So I’m staying and paying a very unfair rent.

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By *TG3Man
over a year ago

Dorchester

It is madness in the rental market one of my ex landlady's put the rent up on the room i used to rent by £125 a month, where i am now the room is fine I've put a mini kitchen in it, so I'm comfortable whilst in my room the shower is fine too but the three guys i share with are dirty buggers

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By *rooperRedMan
over a year ago

Littlehampton

A third of my income goes on rent, which is still actually very good for a good flat, but at almost 50 I'm never going to be able to get a mortgage when all my money goes on someone else's mortgage. It's a trap from which there's no escape. My retirement plan is basically to die in the next fifteen years.

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By *ack4funlondonMan
over a year ago

headingley

Baffles me why when landlords costs in mortgages and bills are sky rocketing it shouldn’t be past to tenants? Most landlords mortgages have at least doubled so of course prices go up. Surely the blame should be at the reason the costs are shooting up.

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By *andyfloss2000Woman
over a year ago

ashford


"We don't have a housing crisis we have a people crisis we have far to many people in the country.. more people means any empty property is quickly taken and higher rents "

Don't think that's true! At all!

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By *agerMorganMan
over a year ago

Canvey Island

I was close to moving out, had saved £100K towards a property, then it went to sh*t with the mortgages.

Did consider renting but then refuse to pay someone else’s mortgage when I’ve worked towards my own home. So now stuck here until it all settles down again.

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By (user no longer on site) OP   
over a year ago


"I was close to moving out, had saved £100K towards a property, then it went to sh*t with the mortgages.

Did consider renting but then refuse to pay someone else’s mortgage when I’ve worked towards my own home. So now stuck here until it all settles down again. "

Wow £100k. Kudos to you

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By *rooperRedMan
over a year ago

Littlehampton


"Baffles me why when landlords costs in mortgages and bills are sky rocketing it shouldn’t be past to tenants? Most landlords mortgages have at least doubled so of course prices go up. Surely the blame should be at the reason the costs are shooting up. "

Totally untrue. Most landlords are on fixed buy to let mortgages, if not actually owning the property outright. It's squeezing the renters because you can. In Sweden you can rent and save, here once you start renting the only way is down as rents will increase more than your salary.

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By *ack4funlondonMan
over a year ago

headingley

It is not totally untrue. Given I work in the industry I have a pretty good grasp. For many smaller landlords ie not large corporations have definitely seen significant rises.

As they chap above mentioned he saved 100k but due to increased mortgage rates he can’t buy.

Some landlords may still have a fixed mortgage, many however have trackers or have come to the end of the fixed term. Buy to let mortgages have increased just like personal mortgages. A typical good ROI is about 6-8%. When your mortgage goes from 1%-5% that destroys a lot of profit. Not to mention those that are including bills such as gas.

Mentioning Scandinavia where there is a far bigger movement to rent for life and not own is irrelevant.

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By (user no longer on site)
over a year ago


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences"

I can’t get in fast enough. Within hours of it being listed anywhere and myself enquiring it’s already gone. It’s ridiculous, there’s simply not enough around for choice so the rent is set high too because of little competition.

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By (user no longer on site)
over a year ago

From a friend in rentals- in our local area there are roughly 30 applications per property in the private sector.

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By *ohn KanakaMan
over a year ago

Not all that North of North London


"It is not totally untrue. Given I work in the industry I have a pretty good grasp. For many smaller landlords ie not large corporations have definitely seen significant rises.

As they chap above mentioned he saved 100k but due to increased mortgage rates he can’t buy.

Some landlords may still have a fixed mortgage, many however have trackers or have come to the end of the fixed term. Buy to let mortgages have increased just like personal mortgages. A typical good ROI is about 6-8%. When your mortgage goes from 1%-5% that destroys a lot of profit. Not to mention those that are including bills such as gas.

Mentioning Scandinavia where there is a far bigger movement to rent for life and not own is irrelevant. "

You have to feel for the landlords, it's hard times when the tenants are merely paying the mortgage for them and not giving them a nice monthly cash bonus too

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By *rooperRedMan
over a year ago

Littlehampton

My rent will go up in March. Not sure how much yet but pretty sure it will. After that I'll be even more screwed.

The problem is the whole system of buy to let, property as investment. Every place that's let out is one less property available to buy for someone. With people like me unable to get a mortgage simply because I don't have the necessary 5% or so (so about £10-15,000) to get one, plus I'm 50, it's just a doom circle. I can't save because my rent is going up. It's a constant worry. I'm just telling myself it's not for much longer.

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By *ad NannaWoman
over a year ago

East London

What I noticed over the past 20 years of living in the same house was as soon as a house is sold it goes up for rent.

People are buying to let more and more, so we have more landlords and less home owners.

We should be able to use our renting history as proof we can pay a mortgage that is less.

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By *ad NannaWoman
over a year ago

East London

I read yesterday that the average rent in London is £2,700 a month.

I'd love to know who pays these prices.

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By *ack4funlondonMan
over a year ago

headingley

I completely agree that the system is incredibly hard/ broken. Property prices have risen dramatically while wages are falling for most.

I just don’t agree with the argument that it’s all landlord costs.

One person wrote above in a sarcastic manner about landlords not making a profit after the mortgage. These people often forget these properties are often their living or a pension for them. Why on earth be a landlord unless you’re making a profit. Why take on the risk and tie up capital.

I don’t own my own property and rent but I get why rent is going up. People are out striking for inflation level pay rises but landlords (most in the are I know) haven’t risen rental prices in line with inflation.

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By (user no longer on site)
over a year ago

Speaking from a landlords side the situation is kak, I’ve made a real loss last tax year but have to pay tax because I can’t offset the mortgage costs like I could a few years ago. Every year the govt changes legislation and every year I’ve made less profit (I wasn’t making more than £1k a year anyway) last year I’ve made a loss and this year will be a bigger loss but will still have to pay tax due to govt changes on what can/can’t be claimed.

The system feels like you’re damned if you do and you’re damned if you don’t and honestly, renting seems like a good option; you don’t own anything so when you go to an old age home they can’t take away your children’s inheritance, you can claim all the pension and benefits you’re entitled to because you’ve worked 50 years (68 retirement age) to get it and whatever you leave your children won’t be over the £360k mark to trigger inheritance tax…

Sorry, moan over

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By *ack4funlondonMan
over a year ago

headingley

Thought I was the only one on the landlords side haha.

Until these mortgages return so sensible levels everyone will be struggling.

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By *ife NinjaMan
over a year ago

Dunfermline


"What I noticed over the past 20 years of living in the same house was as soon as a house is sold it goes up for rent.

People are buying to let more and more, so we have more landlords and less home owners.

We should be able to use our renting history as proof we can pay a mortgage that is less.

"

I'm with you there Nanna. I could easy afford a mortgage, but can't get the deposit saved, because of my high rent. Catch 22

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By *UGGYBEAR2015Man
over a year ago

BRIDPORT


"Thought I was the only one on the landlords side haha.

Until these mortgages return so sensible levels everyone will be struggling. "

When you say ‘sensible’ levels you mean back to the historically low levels that people have become accustomed too.

The levels that have been fuelling the unsustainable rise in property prices.

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By *agerMorganMan
over a year ago

Canvey Island


"It is not totally untrue. Given I work in the industry I have a pretty good grasp. For many smaller landlords ie not large corporations have definitely seen significant rises.

As they chap above mentioned he saved 100k but due to increased mortgage rates he can’t buy.

Some landlords may still have a fixed mortgage, many however have trackers or have come to the end of the fixed term. Buy to let mortgages have increased just like personal mortgages. A typical good ROI is about 6-8%. When your mortgage goes from 1%-5% that destroys a lot of profit. Not to mention those that are including bills such as gas.

Mentioning Scandinavia where there is a far bigger movement to rent for life and not own is irrelevant. "

The issue I have is that mortgages, as of now, is 50% of my monthly income post-tax. Even when I look at cheaper properties, it’s still that.

Sure, house prices are dropping with it forecasted to drop even further but with mortgages going up, lots of people, especially of my generation, about to find out first hand the hard way that debt, in a recession, is very VERY expensive.

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By *andyfloss2000Woman
over a year ago

ashford

Worse thing government ever did (maggie) was the right to buy scheme! Council houses shd never have been sold of x

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By *ack4funlondonMan
over a year ago

headingley

Well the low levels of interest rates have been due to government borrowing. I don’t see how rising mortgage rates make it more affordable to buy a house.

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By *ack4funlondonMan
over a year ago

headingley

I agree that it looks like there may well be significant hardship for lots. Which will of course increase distressed sales unfortunately. I’m my opinion I don’t think property prices will really drop that much. Nothing like 08 anyway.

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By *rooperRedMan
over a year ago

Littlehampton


"Speaking from a landlords side the situation is kak, I’ve made a real loss last tax year but have to pay tax because I can’t offset the mortgage costs like I could a few years ago. Every year the govt changes legislation and every year I’ve made less profit (I wasn’t making more than £1k a year anyway) last year I’ve made a loss and this year will be a bigger loss but will still have to pay tax due to govt changes on what can/can’t be claimed.

The system feels like you’re damned if you do and you’re damned if you don’t and honestly, renting seems like a good option; you don’t own anything so when you go to an old age home they can’t take away your children’s inheritance, you can claim all the pension and benefits you’re entitled to because you’ve worked 50 years (68 retirement age) to get it and whatever you leave your children won’t be over the £360k mark to trigger inheritance tax…

Sorry, moan over "

I'm sorry, but what old age home? With zero assets you can't afford one, which means council flat at best, and leaving £360k to my kids is the least of my problems. In 18 years all I have to look forward to is a few years of misery before it's finally over with.

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By *0shadesOfFilthMan
over a year ago

nearby

Owner occupied was 72% in 2001 ( private rent 12%)

Looking at ONS it’s currently 62.5% (private rented 21%)

That’s 2.7 million more private rented homes over 22 years.

2 million odd council houses and flats sold off on RTB. More people in expensive private rented.

Post credit crunch mortgage rules banned all the self cert/ income lie mortgages, so all people in that category are now tenants

29% uk homes are sole occupancy / 42% divorce rate - two homes for each family

Ageing population, ppl living 10 years longer than in 1980s.

And tories have just removed house building targets from local authorities

High taxes for landlords now, over 250,000 private rentals have been sold off and tenants made homeless

1,600,000 on council house waiting lists, was 1.1m in 2010, a 50% increase

Apologies for all the numbers but does add some context to the discussion.

Mess on every level

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By *rooperRedMan
over a year ago

Littlehampton


"Owner occupied was 72% in 2001 ( private rent 12%)

Looking at ONS it’s currently 62.5% (private rented 21%)

That’s 2.7 million more private rented homes over 22 years.

2 million odd council houses and flats sold off on RTB. More people in expensive private rented.

Post credit crunch mortgage rules banned all the self cert/ income lie mortgages, so all people in that category are now tenants

29% uk homes are sole occupancy / 42% divorce rate - two homes for each family

Ageing population, ppl living 10 years longer than in 1980s.

And tories have just removed house building targets from local authorities

High taxes for landlords now, over 250,000 private rentals have been sold off and tenants made homeless

1,600,000 on council house waiting lists, was 1.1m in 2010, a 50% increase

Apologies for all the numbers but does add some context to the discussion.

Mess on every level"

Thanks for the numbers. Interesting.

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By *rAitchMan
over a year ago

Diagonally Parked in a Parallel Universe

I think I must be a lucky renter. I've been here well over 8 years, and in that time my rent has increased once, last October, by a massive £15 per month. During lockdown my landlord decided to foot the cost of electricity, which he still pays for now.

It's a farming estate village, and in November, the landlord offered all tenants, well over 30 tenants, 500 litres of heating oil free of charge.

I suspect he has no mortgage, as he was the only surviving relative of his uncle, who owned the estate before him.

Any repairs are carried out as soon as possible, and whenever I see him or his wife they always ask if everything is alright in my flat. They even pop a Christmas card through my letterbox every year, too.

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By (user no longer on site) OP   
over a year ago

The scariest thing is I can't see the light at the end of the tunnel.

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By (user no longer on site)
over a year ago

I'm lucky enough be a home owner on a fixed rate but I work for a social housing company and in bath the rent increase from April is 7% , no wonder people are striking , we are working to survive now and not live

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By (user no longer on site)
over a year ago


"The scariest thing is I can't see the light at the end of the tunnel."

I think the scariest thing is how many people will hit retirement and be greeted by immediate homelessness - we are going to become a nation of pensioners that have to live with our adult kids!

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By *annaPlayABCCouple
over a year ago

Bacup

We have a single room which we'd love to rent out (would really help with cost of living/rising utilty bills etc.)..but as we are on benefits we would be always watching over our shoulder for getting snitched on.

So would have to be a working person who has no contact with DWP etc..really have considered it,then again where do you find someone you can trust enough ??

Housing market going to have to improve,at this rate there will be no park benches/shop doorways free by this summer !

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By *ty31Man
over a year ago

NW London


"Worse thing government ever did (maggie) was the right to buy scheme! Council houses shd never have been sold of x"

Or at least replaced with new stock.

Successive governments using (especially) London's property for foreign investors has added to the ripple effect on property prices too- it's ruinously expensive to climb the housing ladder in certain parts of the country.

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By *rooperRedMan
over a year ago

Littlehampton

Very serendipitously I actually renewed my tenancy today for another year from April with only a £50 increase in rent. So a few months of not worrying until the cycle starts again.

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By *inky_couple2020Couple
over a year ago

North West


"I read yesterday that the average rent in London is £2,700 a month.

I'd love to know who pays these prices. "

Trouble with averages is it'll include the comparatively small number of luxury residences where the rent is £25,000 a month!

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By *rooperRedMan
over a year ago

Littlehampton


"I read yesterday that the average rent in London is £2,700 a month.

I'd love to know who pays these prices.

Trouble with averages is it'll include the comparatively small number of luxury residences where the rent is £25,000 a month! "

I paid £1,500 a month back in 2000-2001. We were three people. I think a lot of it is shared now, you certainly hear a lot about people in the 20s and 30s and their "housemates".

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By *elightfulharmonyWoman
over a year ago

Cheshire

It’s so scary! I decided to make the plunge back in nov 2021 and come out of rent after saving a considerable amount through a L’isa and of course a little help from my mum. There were 2 x 2bedrooms 2 x 3bedrooms up for grabs with priority to nhs, army, police ect

I managed to snag one of the 2 bedroom, new build, affordable houses was so excited paid the deposit got a descent 5yr fixed mortgage rate but things changed! the date changed to summer which was fine was still on a high and happy I would have something to call my own.

Well that mortgage offer ran out in June lst year, i managed to get another 6 month extension with a little increase and £500 up front fee to find.

The company I was buying from are/were the worst for updating so I was forever chasing to find out what was going on which was hard with 12hr shifts and always the same reply awaiting the certification and warranties from the builder.

My solicitor even put me in contact with another buying one of the 3 bedrooms due to us complaining of the lack of communication. Literally 3 days before Christmas Dec 22 I had a msg of said person saying they had been contacted by the builder asking if still interested in buying the property My bubble popped!! Turns out they were parting ways with the company and going with someone else, delaying things while legal team step in now the builder wants more money! Mine lucky only went up £5k and can still afford but the 3bedroom has gone up by £37k which is extortion.

The builder has said he is giving us first refusal on property which is something but sadly again my extension ran out 3 days ago but by the skin of my teeth they have granted me til the 24th feb before I have to reapply for another mortgage offer which I’m not looking forward to what I get back if things overlap again

As a first time buyer I never dreamed it would be anything like this just to get on the property ladder and with current climates the way they are.

I apologise on the super long post and probably not what you need to hear OP I just hope it gets better for everyone.

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By *andyfloss2000Woman
over a year ago

ashford


"Worse thing government ever did (maggie) was the right to buy scheme! Council houses shd never have been sold of x

Or at least replaced with new stock.

Successive governments using (especially) London's property for foreign investors has added to the ripple effect on property prices too- it's ruinously expensive to climb the housing ladder in certain parts of the country. "

Yes shd have been replaced but that was never the intention they wanted rid of council housing x

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By *herryblossom_BJWoman
over a year ago

Oxfordshire/Hampshire

Getting keys to my new property next week. I had to fight for it and jump through hoops but managed to get a lovely place in the end

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By *nabelle21Woman
over a year ago

B38


"Getting keys to my new property next week. I had to fight for it and jump through hoops but managed to get a lovely place in the end"

Good luck in your new home x

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By *inky_couple2020Couple
over a year ago

North West


"Getting keys to my new property next week. I had to fight for it and jump through hoops but managed to get a lovely place in the end"

Yes, we're waiting for all the ducks to be in a row so we can move to our bungalow. It's been a very slow process!

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By *ove2pleaseseukMan
over a year ago

Hastings


"Worse thing government ever did (maggie) was the right to buy scheme! Council houses shd never have been sold of x

Or at least replaced with new stock.

Successive governments using (especially) London's property for foreign investors has added to the ripple effect on property prices too- it's ruinously expensive to climb the housing ladder in certain parts of the country. "

But the property was and is sold at such a discount it can't be replaced wen someone gets 50% off

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By *ove2pleaseseukMan
over a year ago

Hastings


"Getting keys to my new property next week. I had to fight for it and jump through hoops but managed to get a lovely place in the end

Yes, we're waiting for all the ducks to be in a row so we can move to our bungalow. It's been a very slow process!"

Is that social housing or private sector.

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By *inky_couple2020Couple
over a year ago

North West


"Getting keys to my new property next week. I had to fight for it and jump through hoops but managed to get a lovely place in the end

Yes, we're waiting for all the ducks to be in a row so we can move to our bungalow. It's been a very slow process!

Is that social housing or private sector."

It's a bungalow we're buying privately. I know the thread is about renting, but it's just as hard to find something affordable and to get everything in place for purchase. It's absolutely imperative that we move now. I'm currently totally unable to weight bear on my LHS so need to be able to use the wheelchair in our house.

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By *ove2pleaseseukMan
over a year ago

Hastings


"Getting keys to my new property next week. I had to fight for it and jump through hoops but managed to get a lovely place in the end

Yes, we're waiting for all the ducks to be in a row so we can move to our bungalow. It's been a very slow process!

Is that social housing or private sector.

It's a bungalow we're buying privately. I know the thread is about renting, but it's just as hard to find something affordable and to get everything in place for purchase. It's absolutely imperative that we move now. I'm currently totally unable to weight bear on my LHS so need to be able to use the wheelchair in our house."

No that's fine and good for you hope your ducks behave x

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By *TG3Man
over a year ago

Dorchester


"Worse thing government ever did (maggie) was the right to buy scheme! Council houses shd never have been sold of x"
Why the people who bought them that was their only chance to buy ,my father bought one which was sold a couple of years ago a 4 bedroom mid terrace house sold for £270,000 in an area where a 4 bedroom house would be worth £500,000 or £600,000

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By *ove2pleaseseukMan
over a year ago

Hastings


"Worse thing government ever did (maggie) was the right to buy scheme! Council houses shd never have been sold of xWhy the people who bought them that was their only chance to buy ,my father bought one which was sold a couple of years ago a 4 bedroom mid terrace house sold for £270,000 in an area where a 4 bedroom house would be worth £500,000 or £600,000 "

Every house sold is no longer available as affordable housing.

And did you farther make a profit.

It was the start of the housing problem's

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By (user no longer on site)
over a year ago


"Has anyone been trying to rent a place or even a room? At present it seems competitive and expensive. I welcome your experiences"
migrants welcome apparently.... this is the consequences supply and demand

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By (user no longer on site)
over a year ago

Thankfully there’s a lot of good building projects round here and all the new builds they’re putting on the end of villages come with social housing. We’ve got neighbours who are social tenants and it’s about 10% of the houses. They’ve told us what they pay and it’s good for the area too!

This makes me think councils are part of the problem! In Leeds my friends are saying there’s no affordable housing, but locally to York/Pock there’s quite a lot if you’re not looking to move tomorrow.

Mr

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By *obilebottomMan
over a year ago

All over


"Thankfully there’s a lot of good building projects round here and all the new builds they’re putting on the end of villages come with social housing. We’ve got neighbours who are social tenants and it’s about 10% of the houses. They’ve told us what they pay and it’s good for the area too!

This makes me think councils are part of the problem! In Leeds my friends are saying there’s no affordable housing, but locally to York/Pock there’s quite a lot if you’re not looking to move tomorrow.

Mr"

Everything Leeds does is never properly planned or ambitious enough whether housing, transport or commerce. Look at the mess they made with the airport plans and associated ptojects and we are left with a bit of a makeshift airport rather than a proper international airport to be proud off. Take a look around the roads and the schemes they come up with. Same with housing. Huge number of empty buildings but also lots of other type of dwelings available but not the type that is in demand. No reason why Leeds could not have the same ambitions as Manchester or the similar vibrancy as a city but has been stifled by lack of vision and dare I say again ambition for the city and the little provincial outlook of those in charge.

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By *rFeelsGoodMan
over a year ago

Swansea


"I found a nice little earner in present situation rent to rent i rent from a landlord say £650 a month then relet at £850... so far have 4 lets the landlord is happy because i commit to 2 years rent "

Then your greed is part of the problem.

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By *uri00620Woman
over a year ago

Croydon

It's tough but doable. I've only recently bought my place in London as a single person. My salary isn't amazing. I saved hard for 8 years and was on a lockdown before it existed just to save. I know couples in my workplace who talk about it being tough, it is but equally they don't want to adjust their lifestyles. Luckily for all of them they live with parents. I did live in some crap places but unfortunately it's what needed to be done as there was no 'bank of mum and dad'.

Now I have a mortgage and on top of that a service charge that's just increased to £800 a month. Its insane. Id be better off renting actually. I'm losing money every month I want to work abroad in next couple of years bc childcare here is so much and rent my place out so I have something to come back to. Unfortunately I can't bc to even break even the rent I'd need to charge would be astronomical.

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By *ermite12ukMan
over a year ago

Solihull and Brentwood


"I think air bnb is definitely having a negative impact on the rental side - its taking family properties off the market as air bnb'ers realise they can make more money, for less hassle "

I started out in an air bnb (Sun- Thurs when I needed to work in London.) Within a week, I spoke to the landlady and she agreed to go cash in hand.

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By *TG3Man
over a year ago

Dorchester


"Worse thing government ever did (maggie) was the right to buy scheme! Council houses shd never have been sold of xWhy the people who bought them that was their only chance to buy ,my father bought one which was sold a couple of years ago a 4 bedroom mid terrace house sold for £270,000 in an area where a 4 bedroom house would be worth £500,000 or £600,000

Every house sold is no longer available as affordable housing.

And did you farther make a profit.

It was the start of the housing problem's "
No he died

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By (user no longer on site)
over a year ago


"Interest rates rising is a fucker. Most buy to let’s are interest only I think? Could be wrong, which means any hike by the BOE gets passed on to the tenant or potential tenant.

Am hoping it starts to settle a bit otherwise housing markets will begin to crash..which I think is already starting. Feel for those trying to find a place to rent or facing continuing rises in rental fees each month

Yes you are right. Most buy to let mortgages are interest only, although even if they were repayment, any increases to interest rates would apply in the same way, unless they are on a fixed rate product (most of them are)"
yeah I sold mine because of this rent 550 then out of that I had 10% to pay letting agent 390 mortgage 30 landlord insurance then gas electric safety certificate so making about 50 quid a month then had to pay tax on 550 so ended up costing me money for someone else to live so sold up Best decision

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By (user no longer on site)
over a year ago

[Removed by poster at 23/07/23 10:09:40]

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By *inky_couple2020Couple
over a year ago

North West


"Thankfully there’s a lot of good building projects round here and all the new builds they’re putting on the end of villages come with social housing. We’ve got neighbours who are social tenants and it’s about 10% of the houses. They’ve told us what they pay and it’s good for the area too!

This makes me think councils are part of the problem! In Leeds my friends are saying there’s no affordable housing, but locally to York/Pock there’s quite a lot if you’re not looking to move tomorrow.

Mr

Everything Leeds does is never properly planned or ambitious enough whether housing, transport or commerce. Look at the mess they made with the airport plans and associated ptojects and we are left with a bit of a makeshift airport rather than a proper international airport to be proud off. Take a look around the roads and the schemes they come up with. Same with housing. Huge number of empty buildings but also lots of other type of dwelings available but not the type that is in demand. No reason why Leeds could not have the same ambitions as Manchester or the similar vibrancy as a city but has been stifled by lack of vision and dare I say again ambition for the city and the little provincial outlook of those in charge. "

There's no affordable housing being built in Manchester city centre. Just "luxury" apartments that are only on sale to buy to let investors and cost £1200 a month for 1 bedroom (to rent).

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By *obilebottomMan
over a year ago

All over


"Thankfully there’s a lot of good building projects round here and all the new builds they’re putting on the end of villages come with social housing. We’ve got neighbours who are social tenants and it’s about 10% of the houses. They’ve told us what they pay and it’s good for the area too!

This makes me think councils are part of the problem! In Leeds my friends are saying there’s no affordable housing, but locally to York/Pock there’s quite a lot if you’re not looking to move tomorrow.

Mr

Everything Leeds does is never properly planned or ambitious enough whether housing, transport or commerce. Look at the mess they made with the airport plans and associated ptojects and we are left with a bit of a makeshift airport rather than a proper international airport to be proud off. Take a look around the roads and the schemes they come up with. Same with housing. Huge number of empty buildings but also lots of other type of dwelings available but not the type that is in demand. No reason why Leeds could not have the same ambitions as Manchester or the similar vibrancy as a city but has been stifled by lack of vision and dare I say again ambition for the city and the little provincial outlook of those in charge.

There's no affordable housing being built in Manchester city centre. Just "luxury" apartments that are only on sale to buy to let investors and cost £1200 a month for 1 bedroom (to rent). "

I am sure you are ptobably right. But stillthe city as a whole seems to me to be creating more opportunities and certainly be more visionary than Leeds tjst seems to ne quite happy with its rather provincial image even though tbe potential is there. It lacks ambition anf long term planning which should encompass both provate and social enterprises that epuld benefit the community

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By *ob rodMan
over a year ago

lancaster

I was looking at getting a buy to let

Whopping lump sum to put down needed 40k mortgage

Even charging 600 pcm the figures didn’t stack up returns mimnimal work out about 170 a month then you’ve maintance of house

So more than likely wouldn’t make anything

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By *obilebottomMan
over a year ago

All over

Most people on btl thesr days don't do it for the monthly income, more for the appreciation in value which of course can be risky in a volatile market but may suit some people as a means of investment.

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By *TG3Man
over a year ago

Dorchester

To rent a room in Torquay could cost you as much as paying a mortgage

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By *obilebottomMan
over a year ago

All over


"To rent a room in Torquay could cost you as much as paying a mortgage "

Do you have one that you rent out then? Soinds like a profitable business even if you have to pay for an extension

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By *ts the taking part thatMan
over a year ago

southampton


"To rent a room in Torquay could cost you as much as paying a mortgage "

So many paying more than a mortgage in rent yet how do you then save a deposit.

The Government need to indemnify lenders so first time buyers can get 100% mortgages as long as they have held secure full time jobs for 3 to 5yrs & can well afford the payments.

Buyers should cover all costs associated such as legal fees, survey etc.

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By *ust RachelTV/TS
over a year ago

Horsham


"It's madness out there. Due to no restrictions on prices landlords are putting the prices sky high as they know that some people will rent it for that price"

There was a bit on a local news catch up on TV, they interviewed a landlord. He claims that his prices are high, so he can get money to reinvest into property.

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