Tenants profiting from the state of property market

With the state of the market as it is, it is surprising to find that some people are actually making a profit, the tenant. With a market where buyers can’t buy and sellers can’t sell, the costs of rent are going down to ensure that landlords can still find tenants.

One property finder website produced figures showing an increase of 13.8 percent of properties for rent in June, with a further 0.8 percent increase in July and in August a 4.6 percent increase.

The increase in properties that have tenants is reflected by the price in rent. The average cost of rent in the UK during June was £950; however this was reduced to £850 in July and lowered again in August to £835.

An important aspect to renting a property is to have insurance, to protect your property against any unforeseen circumstances; this can be purchased from www.insuremyletproperty.co.uk, offering landlords insurance from a panel of UK insurers.

November 05^th 2008

• Private rented sector review proposes licences for landlords
• Missed rent payments worrying struggling landlords
• Buy to let landlords break to buy more.
• Property sales fall by half
• Turning to renting for affordibility
• Government demands cause Anger and Confusion among the banks.
• Let property landlord fined for not making gas safety checks
• Conference programme announced for forth coming NLA event
• The buy to let market in the UK is heading for a nasty fall
• Residential landlords must show their EPC to new tenants
• Buy-to-let dead dismissed by NLA