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UK rents fell in November - See Your Options

UK rents fell in November


UK rents fell in November, according to new figures in published by Landbay.

The data from the specialist buy to let lender, in the second edition of their National Rent Review, shows rents declined by 0.01%, with London being hardest hit.

The fall in rents has been small, but it comes at a time when pressure has been building steadily on landlords’ finances as the impact of Section 24 phasing out mortgage interest tax relief, the hike in Stamp Duty on second homes and the cap on tenants’ deposits take effect.

The slight fall in rents comes as yields also show signs of strain.

According to the Your Move Buy to Let Index, yields fell to 4.4% in October, down from 4.8% at the same time in 2016.

Struggling with mortgage debt? We can help.

At Landlord Debt Advisory we offer bespoke solutions for landlords struggling with unaffordable property debt, whether it’s rental properties in negative equity, mounting arrears or an interest only term ending with no way to repay the capital.

One of our recent clients, Gary, said; “I had been sold two pig in a poke properties for part of my retirement fund that left me having to keep pumping money to maintain them for suitable tenants. I had been stressed out for the last 10 years trying to keep on top of this investment. Last April I was left with no way to resolve this bad investment as more money was now required to replace the boiler and sort out the damp.

“Coming close to my retirement date I had to walk away. After being recommend to Landlord Debt Advisory and discussing my situation with them, my life has now change 100% for the better. They saved me 64% of my total debt to the lender including the mortgage arrears and legal fees. I had no dealings with my lender, selling both properties and all the legal expenses, as this had been dealt successfully by the team. I would highly recommend anybody out there who need advice regarding debts to talk to Landlord Debt Advisory, as my regret is not doing it sooner.”

Check out our reviews and all us on 0161 222 4311, or go to our website and start the process of dealing with your debt.

Our team of property debt specialists offers a range of possible solutions based on your situation

Whatever your circumstances, the process starts with a case review. We will obtain all of the original documentation on your mortgage from your lender so we can assess your needs and work out the best way for us to help you

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