PLEASE READ BEFORE POSTING

Hello Forumites! However well-intentioned, for the safety of other users we ask that you refrain from seeking or offering medical advice. This includes recommendations for medicines, procedures or over-the-counter remedies. Posts or threads found to be in breach of this rule will be removed.

It's getting tough out there. Feeling the pinch?

1241242244246247712

Comments

  • Spendless
    Spendless Posts: 24,511 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    JIL said:
    My old neighbours privately rent their house and have done so for the past 16 years. The landlord used to live there but got married and moved into his new wife's property. He said at the time there was little profit so not worth selling.
    The tenants have looked after the house, done the garden and always paid their rent. Now property prices and rent prices are shooting up and the tenants had a big rent raise last year and now another this year to double what they were paying 2 years ago.
    The tenants are refusing to pay the increase, the estate agents are saying theres such a shortage of properties that they have prospective tenants queuing up to pay over £1000 per month.
    The tenants in the house are asking if they can buy the property, the owner is wanting as much money from it as he can get. He wont sell to them, without a bidding war.

    What is happening in our country, when people are being priced out of their homes? 
    I've heard similar stories re rents. They've gone mad. I'm seeing posts on local groups where people have lost their rental property but need to stay in the area as they have child/ren enrolled at local schools and can't find anything.

    For some reason it won't let me tag you, but what nuts do you use in your roast. I'd like to give that a try.

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.9K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.8K Work, Benefits & Business
  • 619.6K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.