Some landlords are rising rents previous to the Renters’ Rights Invoice coming into place, figures from Go.Examine house insurance coverage present.
The invoice was launched in September 2024 and is predicted to come back into impact in late 2025 or early 2026, with the headline alteration being the abolition of Part 21 Evictions.
Nathan Blackler, house insurance coverage knowledgeable at Go.Examine, mentioned: “These newest figures point out that the Renters’ Rights Invoice may have had an undesirable aspect impact for tenants, extra of whom appear to be coping with hire rises for the reason that announcement.
“Renters ought to be cautious that prices may enhance forward of the invoice taking impact. In the event you do expertise a hire rise, do not forget that your landlord should comply with sure guidelines earlier than doing so, like these outlined in your contract, and you’ll problem the rise if these haven’t been adhered to.
“A hire rise received’t influence your contents insurance coverage. However, when you’re fearful about additional prices, it may be value evaluating insurance policies to see if it could possibly assist alleviate the additional bills from the rise, as you may discover the identical stage of safety for a lower cost.”
Hotspots
Tenants in Broxbourne and Camden have seen the biggest proportional hire will increase within the nation since September 2024.
Each areas recorded a 12.2% soar in month-to-month rents over that interval.
The common month-to-month hire within the Hertfordshire city is now £178 larger than it was in September final 12 months, whereas renting within the fashionable London borough has gone up by an eye-watering £306.
Different locations with important proportional hire will increase embody Slough (11.9%), Gloucester (9.8%) and Newcastle upon Tyne (9.5%). One other London district, Barking and Dagenham, narrowly missed the highest 5 highest will increase, with common rents rising by 9.4% since September 2024.
Brent, in London, skilled the most important lower over this era. Rents dropped by 3.7% with tenants right here now paying £79 per 30 days much less. It’s one in every of solely 5 areas in England to see a lower, the others being the
Derbyshire Dales (2.1%), Melton (1.8%), Kirklees (1.2%) and Bristol (0.7%).
