Interest rates increased in the UK again on 23 March 2023 by 0.25% to 4.25% which will have a further impact on tenants and landlords alike.
For Tenants it can obviously mean a rent hike if a contract is coming up for renewal or you are looking for a property at this time as the Landlord may look to pass these extra costs on.
An increasing number of tenants are leaving large UK cities in order to find cheaper places to rent further afield. This is due to increasing rents, cost of living increases and more people able to work from home.
Leeds is an excellent location to rent a room for many reasons, from a
cultural aspect with renowned galleries and exhibitions to sporting
venues, bars and restaurants.
If culture is your preference,
Leeds Art Gallery, Yorkshire Cricket Club Museum, Marks and Spencer
Company Archive and Horsforth Village Museum. Leeds also offers four
theatres, a world-class arena, and many other independent venues.
Self-managing landlords are property owners who manage their rental properties themselves, rather than hiring a property management company to do it for them. This means that they are responsible for tasks such as finding and screening tenants, collecting rent, handling repairs and maintenance, and dealing with any other issues that may arise.
We feature areas on RoomsForLet from time to time where we have a large number of rooms to rent and a high number of tenants searching for available rooms.