homelet

The rental market in the UK has seen an unprecedented surge in demand for property, leading to average rental prices reaching a record high of £993 per month. This is an increase of 4.2% from the same period last year, and the highest rate of growth since records began in 2015. The demand for rental property has been driven by a number of factors, including an increasing population, rising house prices, and a lack of affordable housing. The UK's population has grown by over 5 million people since 2011, and this has led to a shortage of available housing. This has caused a rise in demand for rental properties, as people are unable to purchase their own home. The rising house prices have also had an impact on the rental market. As house prices have increased, it has become increasingly diffi...

Tenancy fraud is a growing problem in the United Kingdom, and according to a recent report from referencing provider HomeLet, tenancy fraud reports have increased significantly over the past year. Tenancy fraud occurs when someone obtains a tenancy agreement, either by misrepresenting their identity or by using false documents, and then sublets the property without the landlord’s knowledge. This can result in landlords losing out on rental income and tenants being put at risk of eviction. HomeLet’s report found that the number of tenancy fraud reports had increased by nearly 50% in the past year, with more than 2,000 cases being reported in the first quarter of 2021 alone. This is a worrying trend, as it suggests that tenancy fraud is becoming increasingly common. The report also highlight...

Average Rental Prices in UK Reach £993 per Month Due to High Demand for Property

Tenancy Fraud Reports Increase, According to Referencing Provider