• Latest
  • Trending
  • All

Ban on rental bidding wars is on the way

September 13, 2024

Thousands of NI workers to get pay bump as Real Living Wage rises

October 15, 2026

Burnham had two hospitality dinners with Man City chairman, deleted records show

October 15, 2026

Anthropic flags revenue surge to investors ahead of stock market debut

October 15, 2026

Sussex time capsule celebrates 100 years of Winnie-the-Pooh

October 15, 2026

Netflix to shed 1,000 jobs in steepest cuts since 2022

October 14, 2026

US inflation rises more than expected – here’s what is happening with prices

October 14, 2026

Watch: Can the Fort Hood shooter’s execution be livestreamed?

October 14, 2026

Starlink: Musk says US government may be behind slowdown of Ukraine drone speeds

October 14, 2026

We are behind you and that will not change, PM tells Zelensky

October 14, 2026

Raye hits back at ticket touts who took over Albert Hall sign-up

October 14, 2026

Swimmer Archie Goodburn thanks prime minister as brain cancer review announced

October 14, 2026

Ji-sung Eom racist abuse: Millwall boss Alex Neil criticised for stoppage comments

October 14, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Thursday, October 15, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Sydney teen charged with murder of boy who was shot in face

    Republic of Ireland: Public sector strike begins

    Mauritius reels from worst riots in decades after woman shot by police

    Australia’s first Michelin stars awarded to 11 restaurants

    Germany puts Ukrainian on trial accused of blowing up Nord Stream pipelines

    Argentina targets UK in legal claim over Falklands oil exploration

    Houthi missile hits Aramco building after Saudi-led coalition hits Yemen fuel depot

    Pope diagnosed with lung cancer but had successful surgery, Vatican says

    Qantas flight grounded after bedbug outbreak

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Burnham had two hospitality dinners with Man City chairman, deleted records show

    Sussex time capsule celebrates 100 years of Winnie-the-Pooh

    We are behind you and that will not change, PM tells Zelensky

    Swimmer Archie Goodburn thanks prime minister as brain cancer review announced

    Ji-sung Eom racist abuse: Millwall boss Alex Neil criticised for stoppage comments

    Waterford: Vigil held after murder of four family members

    Zelensky and Burnham to meet in Downing Street

    Family pays tribute to ‘warm and engaging’ man killed in tiger attack

    Man killed in tiger attack identified as William Chapman

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    Thousands of NI workers to get pay bump as Real Living Wage rises

    Netflix to shed 1,000 jobs in steepest cuts since 2022

    US inflation rises more than expected – here’s what is happening with prices

    Shropshire heating oil users face tough choices as prices rise

    Poundland in rescue talks as owners seek buyer

    Three things we’ve learnt about the UK economy from the IMF

    Cost-of-living struggles inspire new supermarket in Newcastle-under-Lyme

    Lego fraudster among last year’s most high-profile insurance scammers

    Healey faces £35bn Budget challenge to meet spending pledges, says think tank

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home UK Politics

Ban on rental bidding wars is on the way

September 13, 2024
in Politics
8 min read
251 3
0
493
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Getty Images A couple talking to an estate agent during a flat viewingGetty Images

With renters in popular areas facing intense competition for homes, many are increasingly finding themselves pitted against each other in bidding wars.

Housing campaigners have welcomed plans for new laws to ban the practice in England – but are warning more action will be needed to tackle unaffordable rents.

Jason Phillips had been living in his flat in Crouch End, north London, for 10 years when his landlady decided to sell up.

He spent more than a year looking for somewhere new to rent in the area. But despite going to around 40 viewings and having a good salary as a business analyst, he kept losing out to other applicants.

In one case he was told a two-bed flat on the market for £1,800 month had gone for £2,500, after someone offered £700 over the asking price.

“It’s frustrating,” he says. “It made it not only unaffordable for me, but if I’d known that was going to be the price range I probably wouldn’t have even gone to see it in the first place.”

With at least a dozen prospective tenants viewing some of the properties, Jason said several estate agents had actively encouraged him to bid higher than the advertised price to give him the best chance.

Eventually Jason, 60, gave up and reluctantly moved to Stevenage, Hertfordshire, where it was easier to find somewhere within his budget and he was closer to work.

“I’d got to know my neighbours and I’d build up a lot of friends,” he says. “I miss [Crouch End] and I would love to go back.”

Jason Phillips Jason PhillipsJason Phillips

Jason moved out of London after he kept being outbid for flats

The government has set out plans to end bidding wars as part of a wider Renters’ Rights Bill, which was published on Wednesday.

Under the legislation, which still needs to be approved by MPs and peers, landlords and letting agents would be legally required to publish an asking rent for their property and banned from encouraging or accepting any bids above this price.

This goes further than proposals Labour set out when it was in opposition, which would have prevented landlords and agents from encouraging bids but would still have allowed prospective tenants to offer more than the advertised rent.

Campaign group Generation Rent’s Conor O’Shea says they are pleased the government has listened to the evidence from countries like Australia, where legislation has already been introduced to tackle bidding wars, and decided on a “total ban”.

He argues allowing “voluntary” bids would have been “open to abuse”, as tenants may still feel pressurised to offer above the asking price.

In Australia, all states now restrict rental bidding in some form – but only Queensland and the Northern Territory have banned landlords and agents from accepting offers above the asking price completely.

Three years after first introducing legislation to ban the encouraging of bids, Victoria is also planning to go further and make it an offence to accept rental bids, as the UK government is proposing.

The government there says with vacancy rates at record lows prospective tenants are under “an incredible amount of pressure” and people are increasingly making “unsolicited bids” to give them an edge over other applicants.

Joel Dignam, executive director of Australian campaign group Better Renting, says this suggests banning landlords from accepting as well as just encouraging bids is necessary to stop bidding wars.

He says enforcement is also an issue.

Generally, landlords or agents breaking the rules can be fined, but Mr Dignam says it is more likely they only get “a slap on the wrist”.

Mr O’Shea says this is also a problem in the UK, where overstretched councils struggle to go after all landlords who break the rules.

Under the planned legislation, landlords or agents could be fined up to £7,000 if they encourage or accept bids.

But Mr O’Shea says any new laws must be properly enforced to be effective.

He argues tenants should also be incentivised to report when bidding is being encouraged, for example they could be given a rebate on their rent if their landlord is found to have broken the law.

Better Renting Joel DignamBetter Renting

Joel Dignam says banning bidding wars is not just about making renting more affordable

There are also questions over how effective banning rental bidding can be in curbing rising rents, with campaigners saying this does not address the root cause of the issue.

In Australia, rents have continued to increase in popular areas, where demand outstrips supply.

But Mr Dignam argues banning the practice is not just about affordability but also transparency.

“I think what’s tricky for renters is just not knowing what the real price of the property is,” he says.

“Is it even worth going to this [viewing] if actually it’s out of my price range?”

In the UK, the National Residential Landlords Association (NRLA) also agrees with the principle of ending bidding wars, saying neither landlords nor agents should be encouraging tenants to offer above the asking rent.

However, it is calling for more detail on how the policy would work in practice.

More broadly, the NRLA says there needs to be action to boost the supply of privately rented homes.

Mr O’Shea says ultimately banning bidding wars is “not going to be the silver bullet that will deal with the affordability crisis for tenants”.

He says there are concerns that some landlords may simply list their property at an inflated price and accept lower offers if needed.

Generation Rent also wants to see tighter controls on how much landlords can increase rents by within tenancies and an increase in the supply of homes, he adds.

“We don’t have enough homes in the places that people want to live, at rates they can afford to rent.”



Source link

Tags: banbiddingrentalwars

Related Posts

Burnham had two hospitality dinners with Man City chairman, deleted records show

October 15, 2026
0

On Monday, the GMCA released a statement about Burnham's meetings with Man City in his role as mayor for...

Zelensky and Burnham to meet in Downing Street

October 14, 2026
0

Prime Minister Andy Burnham will host Ukrainian President Volodymyr Zelensky at Downing Street on Wednesday, as the UK announces...

Why the Prime Minister wants to talk about Brexit again

October 13, 2026
0

The Brexit debate is back.For years, it felt like the only thing Westminster talked about.I have had a ringside...

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    680 shares
    Share 272 Tweet 170
  • Belgian footballer arrested in cocaine investigation

    535 shares
    Share 214 Tweet 134
  • Next to raise prices to help pay for rising wage costs

    534 shares
    Share 214 Tweet 134
  • South Wales Police officers injured, one arrested

    526 shares
    Share 210 Tweet 132
  • ‘It stirred the people to breathless wonder and scalding abuse’: The tumultuous history of the Sydney Opera House

    521 shares
    Share 208 Tweet 130
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

Thousands of NI workers to get pay bump as Real Living Wage rises

October 15, 2026

Burnham had two hospitality dinners with Man City chairman, deleted records show

October 15, 2026

Anthropic flags revenue surge to investors ahead of stock market debut

October 15, 2026

Categories

Business

Thousands of NI workers to get pay bump as Real Living Wage rises

October 15, 2026
0

About 6,000 workers in NI are paid the Real Living Wage - which is voluntarily paid to reflect the...

Read more

Burnham had two hospitality dinners with Man City chairman, deleted records show

October 15, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.