Shortage of homes to rent leads to tenant bidding wars
People hoping to find a property to rent are going to ever greater lengths to secure a home. As well as having to put up more cash in advance, they're offering landlords CVs for their children and photos of their well-behaved dogs. That's because a shortage of available homes is pushing up monthly rents, deposits and leading to bidding wars. Industry body Propertymark says the number of rentals on the books of lettings agencies has fallen sharply. Propertymark surveyed over 4...
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