Renters are failing to contact their landlords for worry it may set off lease will increase, analysis from SpareRoom has discovered.
Near half (45%) of renters have actively averted speaking with landlords or brokers previously 12 months about points with their rental properties, suggesting probably harmful hazards like mould are being ignored.
Greater than half (56%) of UK renters are ‘flathuggers’: they need to transfer however they’re staying put, often as a result of out there housing is out of price range.
Matt Hutchinson, director of flatshare website SpareRoom, stated: “House is meant to be a strong platform that lets folks exit and construct joyful, productive lives, but clearly for many individuals this merely isn’t the case.
“If we’ve reached the purpose the place individuals are turning down job alternatives and profession development for worry of getting to re-enter the rental market, our legislators are letting folks down in a serious manner and have been for years.
“The upside is that the Renters’ Rights Act addresses a number of the key issues tenants face. The tip of no-fault evictions, a once-per-year restrict on lease will increase, and an finish to bidding wars and fixed-term tenancies will regulate the steadiness of equity for renters and hopefully take away a number of the worry and uncertainty round reporting points.”
Prior to now 5 years room rents within the UK have risen by 28% to a report excessive of £753 per thirty days, and in London by 37% to £995 per month1.
