{"id":129161,"date":"2022-08-28T12:00:20","date_gmt":"2022-08-28T05:00:20","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidding-wars-cash-up-front-and-auditions-inside-britains-broken-renting-market\/"},"modified":"2022-08-28T12:08:48","modified_gmt":"2022-08-28T05:08:48","slug":"bidding-wars-cash-up-front-and-auditions-inside-britains-broken-renting-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bidding-wars-cash-up-front-and-auditions-inside-britains-broken-renting-market\/","title":{"rendered":"Bidding wars, cash up-front and \u2018auditions\u2019 \u2013 inside Britain\u2019s broken renting market"},"content":{"rendered":"


\nYoung professionals seeking private rental property tell of \u2018hundreds\u2019 applying for the same letBeth Holloway seems like the ideal tenant. The civil servant, 23, has a stable job, good references and earns a decent salary. And she doesn\u2019t smoke or have pets \u2013 factors that are often a disadvantage in a fiercely competitive market.But after three months of flat-hunting in London, involving hundreds of enquiries to agencies, two dozen viewings and 10 offers on properties, she says she cannot take it any more. Each time she and the friend she had planned to live with put in an offer on a property, they were outbid by someone else. \u201cWe\u2019ve offered \u00a3200 over [the listed price] and not got it because someone else offered six months upfront. I\u2019ve heard of people offering \u00a3500 or \u00a3600 over or offering to pay a year upfront in cash,\u201d she said. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Bidding wars, cash up-front and \u2018auditions\u2019 \u2013 inside Britain\u2019s broken renting market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Young professionals seeking private rental property tell of \u2018hundreds\u2019 applying for the same letBeth Holloway...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-129161","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xBf","jetpack-related-posts":[{"id":34696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-switching-can-clubbing-together-lower-your-energy-bills\/","url_meta":{"origin":129161,"position":0},"title":"Collective switching: can clubbing together lower your energy bills?","date":"November 17, 2016","format":false,"excerpt":"\r We examine how group energy-switching schemes work and whether they get you the best tariffs on the marketCollective energy-switching schemes promise to save consumers hundreds of pounds as well as taking the stress and confusion out of changing providers. 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As of 2pm, more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130422,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-buyers-left-powerless-as-mortgage-deals-hang-in-balance\/","url_meta":{"origin":129161,"position":2},"title":"UK house buyers \u2018left powerless\u2019 as mortgage deals hang in balance","date":"October 2, 2022","format":false,"excerpt":"\r Chancellor\u2019s mini-budget sees home loans withdrawn and purchasers left in limboHomeowners and potential buyers have been left feeling \u201ctotally powerless\u201d this weekend as thousands wait to find out whether their mortgage deals will now cost them hundreds of pounds extra a month while brokers report people already pulling out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/switching-banks-the-man-whos-had-more-than-10-current-accounts\/","url_meta":{"origin":129161,"position":3},"title":"Switching banks: The man who's had more than 10 current accounts","date":"September 13, 2013","format":false,"excerpt":"\r We talk to one man who has several bank accounts running at once in a bid to snaffle the best freebies and interest ratesMany bank customers think switching accounts involves lots of hassle and runs the risk of direct debits going awry. 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