Demand for rental homes in the UK has fallen, with 69 prospective tenants registered per branch, down from 79 in September, according to figures published by ARLA Propertymark.
The number of tenants experiencing rent increases has also fallen to its lowest level since the end of 2016, with 22% of agents reporting landlords increasing rents, down from 27% in September after reaching a high of 35% in August.
The supply of properties available to rent in the UK also fell in October by 3.7%, according to the latest Private Rental Sector Report.
The average letting agency managed 182 properties, down from 189 in September, the lowest figure of 2017.
How can we help you?
At Landlord Debt Advisory, we offer bespoke solutions for landlords with problem debts. If you’re a landlord struggling with negative equity, underperforming properties or the impact of recent tax changes such as Section 24, contact Landlord Debt Advisory for an initial free, no obligation consultation.
After we resolved his case, one of our recent clients said; “We contacted Landlord Debt Advisory as a buy to let property purchased in the housing boom left us with negative equity.
“They dealt with our case very professionally and efficiently from start to finish. They had an in depth knowledge of what options were available to us and provided us with advice on the best option to take.
“They dealt directly with the lender and provided us with regular updates on the progress of the case. We got a great result in the end which has alleviated a lot of stress caused by being in negative equity.”