LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

London Tenants "Lose" £3k A Year In Disposable Income

London Tenants "Lose" £3k A Year In Disposable Income

Tenants living in London now have an average £2700 less disposable income per year, than three years ago, such has been the rise in London rents. The average cost of renting a home in Greater London stood at £1316pcm in August the third consecutive all-time monthly high. In contrast average earnings for tenants in the capital dropped slightly to £35200 pa.

If you look at potential take home pay and factor in pension payments and student loans, a tenant in London, living alone, could pay 65% of net income in rent.

It must be hoped that the "Build-To-Rent" housing scheme will begin to increase the volume of private rented stock which would see a more sustainable growth in rental values.