eloy7 wrote: »
This is the first time I rent in the UK. How flexible is the rent prices quoted in the listings?
How should I negotiate the monthly rent to bargain but not to lose the house?
alchemist.1 wrote: »
Some will accept a lower level of rent if you pay upfront for a six month period.
HappyMJ wrote: »
With interest rates as low as they are that's not going to save much interest or earn more interest for the landlord.
If the rent is £1,000 per month then £5,000 will be put into a savings account for 5 months, £4k for 4 months, £3k for 3 months, £2k for 2 months and £1k for 1 month. The expected interest to be earned on that amount at 2.4% after tax assuming landlord pays basic rate tax on interest would only be about £15. Splitting that equally with the tenant would be £7.50 off the rent paid in advance. I would not consider it.
The idea being that nobody will offer higher than the asking rent so the landlords have set the maximum that they might get if they're lucky, but will accept less to get someone into the property.
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