Tenants are soft targets as red-hot demand for property drives rent rises

Tenants are soft targets as lack of stock and summer demand drives rent rises :-(

Newspaper columnist Katy Guest 'calls for regulation of lucrative property letting'. Citing "extortionate fees" and the absence of proper regulation for letting agents as massive obstacle for tenants. "The number of people renting has soured by a million in the past five years to 3.35 million and counting. With tenants being gazumped even on utter grot holes, renters are easy targets" - Source The Independent Newspaper 16/10/2011

London property has seen the strongest rent rises; recording a record high of £1,025 pm in August.

With a record number of new tenancies signed last year the private rental sector is massively over subscribed. According to ARLA "The UK cannot rely on the rental sector to support the housing market in perpetuity" So in summary, if you're a BTL investor in London, the rental yields are rising. But the resultant rental crisis leaves Britain's tenants held over a barrel!