View more on these topics

London only region to see year-on-year fall in rent : Your Move

London is the only region where rent prices have dropped on a year-on-year basis, falling 1.3 per cent to £1,271 per month according to Your Move’s September rental tracker.

The company says it is still the most expensive place to rent in England and Wales, the second most expensive place being in the South East at £895. Of the regions surveyed the North East is still the cheapest place to rent despite the average price increasing 0.2% to £535 in September.

In July the North East and Wales also saw annual falls in rent price but returned to growth in September, with average prices now at £535 and £588 respectively.

Annually, the biggest growth in rent price has been 4.3 per cent in the South West, where rent now averages £686 per month.

The fastest rent price increase was in the East Midlands where renting costs on average £656, up 2.4 per cent on the previous year, and the South East where rent has gone up 1.8% and stood at £895 per month in September. The South East had the third fastest rent growth of 1.8 per cent to £895.

You Move found tenant arrears was up to 10.1 per cent in September from 9.7 per cent the previous month. It says the slight increase does not bring the level close to the recent July 2017 13.7 per cent peak of rent in arrears, or the all-time high of 14.6 per cent in February 2010.



Tenants demand rental history is included in credit score

Eight out of 10 consumers want rental payment history to be considered in lending decisions. This survey, by credit agency Equifax and YouGov, shows renters want more factors to be taken into account in a bid to improve credit scores. Equifax’s own data indicates that inclusion of this information could improve the credit scores of […]

Financing properties owned in trusts

Part of a series looking at various niche markets within the buy-to-let sector where choice of lender is more restricted than for normal borrowers. One such area involves loans secured on residential properties owned through trusts. Properties can be held in trust for many reasons. For example, if a property is left to minors in […]


Ageing population means lenders need to innovate

Guy Anker looks at the growth in home loans to older customers and maps out how the market is likely to develop in future A loosening of regulatory shackles and innovation from smaller lenders means older borrowers have more choice when looking for a mortgage in their later lives. However, the acceleration is still in first […]

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]


News and expert analysis straight to your inbox

Sign up