Looking after your tenants is important as a landlord and some recent research by credit reference agency Equifax has found that 52% of tenants living in London expect their rents to go up this year. Across the country more than a third of tenants in other regions also anticipate increases.
The Equifax figures are based on a sample of 2,136 adults polled before the lettings fee ban which is set to be introduced some time later this year in England. Many agents expect that landlords will find themselves having to foot the costs which in turn will mean they inevitably pass them on to tenants in the form of an increase in rent.
“It is not uncommon to feel anxious or concerned about finances when heading into a new year.” said Lisa Hardstaff, credit information expert at Equifax. But the fact that so many renters are concerned about their finances if their rental payments were to increase shows that it is even more important to stay in control of your finances in the New Year.
Whether you are a landlord or a tenant planning really is vital for individuals to stay in control of their finances. With so many concerned about being able to afford all of their financial commitments, over the next year good management it vital. If you are a landlord looking for lettings advice or wish to become a landlord and are looking for an estate agent in Surrey and South West London who are always one step ahead of the market then why not pop into your local branch of Goodfellows for a chat and a coffee or call our team on 020 8687 8345.