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Original poster

If you rent, how much has your rent gone up by?

83 replies

Totallyfedupnow · 15/10/2022 10:40

Self explanatory really, if you privately rent…has your rent gone up this year and if so by how much?

OP posts:
Reservoirbogs · 16/10/2022 11:02

20% increase in April. They told me it was that or they'd need to sell.
I had to make drastic changes in order to afford the increase.

DamnUserName21 · 16/10/2022 11:58

Undaunted77 · 16/10/2022 01:08

thank you everyone who replied.
I am an accidental landlord. My tenants are very nice people, in fact so nice I let them have the property for about 10% less than I could have got from some of the other applicants.

However since I let it the central service charge on the property has gone up 10% and it is likely to go up by another 15% or more early next year (mainly because of energy bills). Also my mortgage costs are going up which is terrifying.
When I first did the lease a year ago, I used a model lease which is designed by the Government for use by responsible landlords, and it had a provision to increase rent by up to CPI after one year. CPI is currently about 10%.

Do you think it’s OK to put the rent up by the full 10%? I don’t want to, but I am just worried about covering my costs.

Just in case it is relevant, the tenants earn quite a bit more than I do. I’ve previously asked if they want to buy it off me but they said no, they are OK renting for now. I suspect they are waiting for the property market to fall a lot before buying anywhere.

I don't see that you have any choice but to put it up by 10% to cover your costs. Your situation is very different to my greedy corporate landlords putting the rent up over 10%!!!

WyldeSwan · 17/10/2022 20:40

Mine put my rent up 12% last year, and said he would then do another 5% this year. That prompted me to move out, so he was left with a void of nearly 3 months, plus reletting fees, so has ended up worse off overall this year than if he'd not bothered changing the rent at all 🤷🏻‍♀️

transformandriseup · 17/10/2022 22:26

We used to let a flat just a few years ago and rents for a similar sized flat in the area have now gone up 50% on average. DH and I can't get our head around it as there is no way we could justify that increase. We had owned the property for some time though and didn't buy it to let.

SeeYouAnonyMouse · 18/10/2022 01:12

I've told my tenants their rent would be going up by just over 3%. To me it makes sense to put it up a bit every year, otherwise it won't keep up with inflation, which is my aim in the long run. I don't want to get into a situation where I'd have to put the rent up dramatically after leaving it untouched for years.

ivykaty44 · 18/10/2022 01:19

1.7% increase, which I thought was fair

LocalHobo · 18/10/2022 01:25

I am a landlord, thankfully mortgage free, and have no plan to increase the rent. Good tenants are worth hanging on to.

OhmygodDont · 18/10/2022 08:07

We signed a 3 year lease with no room for rent increases and then plan is to possibly buy it so got a while yet to see what actually happens. Lucky timing for us. The house has no mortgage and the owner owns theirs outright too.

WahineToa · 18/10/2022 08:55

@LocalHobo that is so decent of you.

Trisolaris · 18/10/2022 09:05

My tenants moved out this year and the rent was put up £200 based on letting agents advice of the local market. I’ve never put up an existing tenants rent so I try to get it right at the start so I can freeze it for as long as the tenant stays with me. My last tenant was only here a year though so rents have clearly gone up a lot (dipped during covid).

WahineToa · 18/10/2022 09:10

My tenants moved out this year and the rent was put up £200 based on letting agents advice of the local market

I hate letting agents. Did you financially need to do this? People need shelter. If you don’t need to increase the rent, please don’t. Even if it’s a new tenant.

Manchestermummax3 · 18/10/2022 09:16

Mines gone from 650 to 800

OneDayAtATimePlease · 18/10/2022 09:26

Ours jumped from £650 per month to £950 per month. If only my pay would jump the same!

We're over a barrel though, locally rents are even crazier than that and securing somewhere is near impossible so to keep the children in their schools with minimal disruption (Yr 11) is the absolute priority.

Trisolaris · 18/10/2022 09:40

@WahineToa I would rather put it up between tenants and then not have to put it up during the tenancy ever. My lease agreement will be coming up in the next few years that I will need to save for and I would rather fix the rent now and keep good tenants. I rented for years myself so I try to act how I would have preferred my landlords to act at the time and personally I would always choose a place that was within my budget but the sinking feeling of a rent increase that just stretched it too far was awful.

mindutopia · 19/10/2022 12:56

We don't rent anymore (bought first house at the start of the year). Our previous rent was £1200 a month (4 bed detached house). Landlord put it up to £1600 when we moved out. To be fair, it's a nice house in a nice area on a large country manor with land and rivers and chickens, so it is a lovely place to live and it's very much on par with price of rentals in the area. But that's as much as our mortgage now - and we have a really nice 5 bed house. When we first moved to the area 11 years ago, we were paying £650 for a 3 bed detached house with a garden in a nice village.

BeyondsEnergyObsession · 19/10/2022 12:59

Mine hasn't gone up, my landlords base the rent here on that of the council housing.

murasaki · 19/10/2022 13:00

£160 extra per month. But there's nothing on the market, so we have to suck it up I guess.

And if I'm.being fair, it hasn't gone up for three years, and is within market value, but even so....

BeyondsEnergyObsession · 19/10/2022 13:00

My landlords are also mortgage-free. My rent is £525 for a 3 bed house.

NightmareSlashDelightful · 19/10/2022 13:02

Ours went up a touch over 4%. Landlords have to justify rent rises here though (Scotland), can only request an increase once a year, and tenants can appeal to the ombudsman if they think a rent increase request is unfair. So we have a bit more protection than those in England it would seem.

Sixmonthson · 19/10/2022 13:11

We have no intention of raising the rent on a house we let out for the foreseeable future as we have decided to do without the letting agent and manage the property ourselves, saving over £100 a month. The Tennant has been very reliable and we like her plus most of the issues we’ve had we’ve sorted out between ourselves anyway without involving the agents. It does mean we have to sort out the transfer of the deposit properly but that’s not onerous and it’ll be in everyone’s best interest ( except the letting agent I guess)

I can only justify (to myself) having a house to let out by being the best landlord I can possibly be and charging a very fair rent - also making sure that any problems are sorted out as soon as we can.

Tomorrowisanewday · 19/10/2022 13:11

I'm an accidental landlord, and haven't increased mine since the current tenant moved in 18 months ago. They are lovely, treat the place well (going by the agent's inspection reports), pay on time, and as a result, my costs (maintenance and replacements) haven't increased from the budget I had set myself when they moved in. Good tenants are worth looking after.

jay55 · 19/10/2022 13:12

Went up 100 a month around 6.5%
First raise in 4 years and so I wasn't at all unhappy.

TwoBlueFish · 19/10/2022 13:13

My DH rents out 2 flats that were his mum’s (no mortgages). Flat 1 was increased by less than 5%, long term tennant who hasn’t had a rent increase for over 5 years. Flat 2 have been there about 18 months, no rent increase.

AlwaysLatte · 19/10/2022 13:14

We've got a house that we rent out to my brother at about half market rate, but we're still not putting it up - his bills are so much higher than they were, I don't think he could afford it. I realise that some people need to get the market rate though to make renting out viable. It's a horrible situation.

Wishingforwinter · 19/10/2022 13:26

Ours went up about 12% (She ignored the contract which states a maximum of 7%) and said she'd evict us if we didn't agree.

We're handing in our notice soon and are planning to refuse all viewings until we've moved out. If she won't cooperate with us we won't cooperate with her.