{"id":7110,"date":"2018-02-16T09:17:35","date_gmt":"2018-02-16T09:17:35","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=7110"},"modified":"2018-02-16T09:17:36","modified_gmt":"2018-02-16T09:17:36","slug":"ventyourrent-and-the-backlash-of-tenants-on-social-media","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/ventyourrent-and-the-backlash-of-tenants-on-social-media\/","title":{"rendered":"#VentYourRent and the backlash of tenants on social media"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>It\u2019s no surprise that more and more tenants are looking to <a class=\"wl-entity-page-link\" title=\"Renting\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >rent<\/a> privately in an attempt to avoid shelling out large sums of cash for extortionate agency fees and deposits. Some have even taken to social media to show how bad the renting situation has become.<\/p>\n<p>Last night on Twitter, the hashtags <a href=\"https:\/\/twitter.com\/hashtag\/ventyourrent\">#VentYourRent<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%23rantyourrent&amp;src=tyah\">#RantYourRent<\/a> became trending topics, where Twitter users expressed their dissatisfaction at <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/london\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/london;http:\/\/sws.geonames.org\/2643743\/;http:\/\/rdf.freebase.com\/ns\/m.04jpl;http:\/\/yago-knowledge.org\/resource\/London;http:\/\/dbpedia.org\/resource\/London\" >London<\/a> rental prices by revealing the problems they have had with <a class=\"wl-entity-page-link\" title=\"Landlord\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/landlord\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/landlord;http:\/\/rdf.freebase.com\/ns\/m.02mx_6;http:\/\/dbpedia.org\/resource\/Landlord\" >landlords<\/a> and <a href=\"https:\/\/www.thehouseshop.com\/let-for-free\" title=\"letting agents\">letting agents<\/a>. From ceilings caving in, to mice found under the floorboards, tenants held up cardboard signs showing the poor standard of living people can expect when moving to London. It\u2019s a rather depressing read!<\/p>\n<p>The capital\u2019s <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >housing<\/a> crisis has been a hotly contested debate between London\u2019s mayoral candidates too, all of whom have made it a top priority if elected. A YouGov poll showed that <a href=\"https:\/\/yougov.co.uk\/news\/2016\/03\/14\/sadiq-khan-lead-london-mayoral-race\/\">67% of Londoners<\/a> wanted the issue of housing to be at the forefront of the candidates\u2019 manifestos. This alone shows that the demand for <a class=\"wl-entity-page-link\" title=\"Affordable housing\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/affordable-housing\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/affordable_housing;http:\/\/rdf.freebase.com\/ns\/m.09jvc1;http:\/\/dbpedia.org\/resource\/Affordable_housing\" >affordable<\/a> <a class=\"wl-entity-page-link\" title=\"Home\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >homes<\/a> in London has reached boiling point, and that renters want the issue resolved quickly.\u00a0A mixture of poor renting regulations and skyrocketing fees have pushed housing further and further up the political agenda in recent years. Labour\u2019s Sadiq Khan took to Twitter to support the #VentYourRent campaign in order to \u201c<a href=\"https:\/\/twitter.com\/SadiqKhan\/status\/725353907719909376\">show how out of control the Tory Housing Crisis is<\/a>\u201d and stated that he would \u201cstand up for renters.\u201d\u00a0Candidate for the Green Party, Sian Berry, also got involved with the trending topic by tweeting \u201cGot home today to a letter saying my rent is going up again. <a href=\"https:\/\/twitter.com\/sianberry\/status\/725050872535896064?ref_src=twsrc%5Etfw\">Not good timing anytime<\/a>\u201d. Speaking to the Huffington Post, Conservative Zac Goldsmith said he wants to \u201cincrease the number of homes being built\u201d and is \u201ccommitted to increasing building up to 50,000 [homes] a year\u201d.<\/p>\n<p>Dan Wilson Craw, policy manager at Generation Rent, told the Evening Standard \u201cThe candidates for Mayor describe London as the greatest city on Earth, but as long as growing numbers of people are paying huge sums to live in squalor, <a href=\"http:\/\/www.standard.co.uk\/news\/london\/londoners-take-to-twitter-to-shame-landlords-over-ripoff-rents-a3234746.html\">they&#8217;ll have a lot of work to do<\/a> to make that a reality,&#8221;<\/p>\n<p>The rising cost of living has proven to be a serious issue in the UK and soaring rental prices have made a significant contribution to the ever rising costs of living in London. According to <a href=\"https:\/\/www.tds.gb.com\/resources\/files\/TDS%20Annual%20Review%202015.pdf\">TDS<\/a>, 53% of <a class=\"wl-entity-page-link\" title=\"Leasehold estate\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/leasehold-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/leasehold_estate;http:\/\/rdf.freebase.com\/ns\/m.03jg1x;http:\/\/dbpedia.org\/resource\/Leasehold_estate\" >tenancy<\/a> deposit disputes across the UK were brought up by tenants themselves, with over half of the reasons for the disputes being put down to a failure by the <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/letting-agent\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/letting_agent;http:\/\/rdf.freebase.com\/ns\/m.02qpgdf;http:\/\/yago-knowledge.org\/resource\/Letting_agent;http:\/\/dbpedia.org\/resource\/Letting_agent\" >letting agent<\/a> or landlord to repair damage to the <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a>.<\/p>\n<p>New regulations have proven to be costly too. With the introduction of Right to Rent immigration checks, which are compulsory for landlords by law, many tenants expressed their concerns that this could present a new threat to the capitals saturated rental <a class=\"wl-entity-page-link\" title=\"Market (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/market-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics;http:\/\/dbpedia.org\/resource\/Market_(economics)\" >market<\/a>. Right to Rent immigration checks were first trialled in a number of West Midland areas, and since February 2016, landlords and letting agents have been responsible for checking that tenants and lodgers have the legal right to live in the UK. <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/a-landlords-guide-to-right-to-rent-checks\/5961\/\">Legal documents such as passports or official documents must be produced and the landlord must take copies.<\/a> Letting agents may charge landlords for the service, and there are concerns that this cost will be passed on to tenants.<\/p>\n<p>Unfortunately for tenants, they may have to endure even further increases in their rental costs, as many landlords have admitted that they will likely raise rents to cover the costs of new Government regulation for the Buy To Let market.<\/p>\n<p>An even greater concern for both tenants and landlords is the possibility of an interest <a class=\"wl-entity-page-link\" title=\"Rates (tax)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/rates-tax\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/rates_tax;http:\/\/rdf.freebase.com\/ns\/m.03hnzm;http:\/\/yago-knowledge.org\/resource\/Rates_(tax);http:\/\/dbpedia.org\/resource\/Rates_(tax)\" >rates<\/a> rise and the impact this would have on the thousands upon thousands of <a class=\"wl-entity-page-link\" title=\"buy-to-let\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/buy-to-let\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/buy_to_let;http:\/\/rdf.freebase.com\/ns\/m.083ycg;http:\/\/dbpedia.org\/resource\/Buy_to_let\" >Buy To Let<\/a> <a class=\"wl-entity-page-link\" title=\"Mortgage loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/mortgage-loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/mortgage_loan;http:\/\/rdf.freebase.com\/ns\/m.0273t5w;http:\/\/dbpedia.org\/resource\/Mortgage_loan\" >mortgages<\/a> in the UK <a class=\"wl-entity-page-link\" title=\"Real estate economics\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/real-estate-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/real_estate_economics;http:\/\/rdf.freebase.com\/ns\/m.04t2q1;http:\/\/dbpedia.org\/resource\/Real_estate_economics\" >housing market<\/a>. If interest rates do rise in the near future, <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/tax-and-mortgage-changes-put-accidental-landlords-most-at-risk\/7079\/\">they will significantly increase mortgage payments<\/a> for the UK\u2019s BTL landlords, and the majority of landlords have admitted that they will have no choice but to raise rents on their properties to cover the costs of higher monthly mortgage payments.<\/p>\n<p>With tenants\u2019 budgets already stretched to the limit, there is a serious concern that a potential <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/london-rents-are-now-double-the-uk-average\/6734\/\">interest rate rise and subsequent rent increase<\/a> could cause many tenants to fall into arrears and thousands of BTL mortgages could go into default as a result. The UK market should take head of the lessons from the US housing market crash, and should look to future proof the rental market to avoid a similar collapse here in the UK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s no surprise that more and more tenants are looking to rent privately in an attempt to avoid shelling out large sums of cash for extortionate agency fees and deposits. Some have even taken to social media to show how<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/ventyourrent-and-the-backlash-of-tenants-on-social-media\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[295,111,512,58,322,511,510,513,328,52],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/ventyourrent_and_the_backlash_of_tenants_on_social_media","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/7110"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=7110"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/7110\/revisions"}],"predecessor-version":[{"id":14692,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/7110\/revisions\/14692"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=7110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=7110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=7110"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=7110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}