tenants

Tenant Responses to Rent Increases: Examining Decisions to Stay or Move
Home Mortgage, landlord, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector, tenants

Tenant Responses to Rent Increases: Examining Decisions to Stay or Move

Rent increases can be a difficult reality for tenants to face. With the cost of living increasing, landlords often have to raise rents in order to keep up with the market. While this is an understandable decision, it can leave tenants feeling uncertain about their future. In this article, we’ll examine the different responses tenants have to rent increases and the factors that influence their decisions to stay or move. The first response to a rent increase is often shock and anger. Tenants may feel like they’re being taken advantage of and that their landlord is not taking their financial situation into consideration. This is a natural reaction, but it’s important to remember that rent increases are often necessary for landlords to cover their costs. The next step is for tenants to conside...
Propertymark Urges Government to Restore Mortgage Interest Relief
Home Mortgage, home owners, landlord, London, Mortgage Broker, tenants

Propertymark Urges Government to Restore Mortgage Interest Relief

Propertymark, the UK’s leading professional body for property professionals, has urged the government to restore mortgage interest relief (MIR) in the upcoming Budget. MIR is a tax relief that allows homeowners to deduct the interest they pay on their mortgage from their taxable income. It was abolished in 2017, but Propertymark is now calling on the government to reinstate it in order to help struggling homeowners. The organisation believes that restoring MIR would provide much-needed financial relief to those who are struggling to keep up with their mortgage payments. It would also help to reduce the number of people who are at risk of losing their homes due to financial hardship. Propertymark’s Chief Executive, Mark Hayward, said: “We are calling on the government to restore MIR in the ...