Latest News

London Rents Fall In January - Rooms For Let

29th January 2024 Rooms For Let

It has been reported that rents in London fell slightly during December 2023 and January 2024, the first fall in over 2 years.

London based Estate Agents Foxtons reported that, although there was an 8 per cent year on year increase, that rents during the latter part of 2023 had in fact fallen in the London area.

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Mortgage Rates and Landlords Choices with Rooms To Rent

24th January 2024 Rooms For Let

With some lenders reducing mortgage interest rates and bringing in new fixed rate deals towards the end of 2023, does this signal further drops in 2024 and will this affect the thinking of landlords and those thinking of coming in to the rental market in the short to medium term?

Whilst some lenders, in January 2024, having in fact pulled recent offers and increased rates, is the overall trend downwards?

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Rooms To Rent in Norwich and What the City Has to Offer

7th January 2024 Rooms For Let

There are many diverse types of rental accommodation in Norwich from shared houses, HMO’s, student accommodation to many flats and larger houses. Rent amounts can vary massively, as in most areas dependent on the type of accommodation and what is included in the price such as broadband, energy costs etc.
As in most areas, Norwich offers spare rooms as well as rooms to rent in HMO’s, many catering for the student population but also encouraging professional individuals.

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Energy Price Cap To Increase in January 2024. Increases for Tenants and Landlords

8th December 2023 Rooms For Let

OFGEM has announced that the Energy Price Cap will increase from 1 January 2024.

This will affect most consumers who are not on fixed rates tariffs at this time.

The price of energy for a typical household who use gas and electricity and pay by Direct Debit will go up by £94. This will take the price cap from £1,834 to £1,928 per year.

This increase will affect both tenants who pay their own bills or have an energy supply contract and Landlords who include bills in the monthly rent.

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Autumn statement 2023 – What it means for Rooms For Let Landlords and Tenants

30th November 2023 Rooms For Let

In January 2023, Prime Minister Rishi Sunak set out his 3 main economic priorities for the coming term. Those priorities were to halve inflation, grow the economy and reduce debt. The Autumn Statement aimed to reinforce these commitments with a plan to see success on these fronts. With the rate of inflation at 4.6% in October 2023, the government claim to have met at least one of those commitments. However, it is unclear what steps to government took to allow them to claim ownership of this reduction.
Inflation was widely expected to fall as the large energy and fuel increases from the previous year dropped out of the equation.

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