Tenants becoming "savvy" - buy to let mortgages

27 March 2009

Those who rent a home are beginning to become more confident in negotiating deals with their landlords, it has been claimed.

The current situation in the market - with rents falling and an oversupply of property – means that it is a "good time" to be a tenant, according to Property Hawk editor Chris Horne.

He remarked: "Tenants are getting savvy in the respect that they are asking for a little bit more, knowing that a landlord is prepared to go that extra mile."

Requests from occupants include upgrades to homes, such as a new kitchen, washing machine or satellite television, Mr Horne noted.

Agreeing to this can help to keep a person in a property when it comes to renewing their contract, he added, advice that may be helpful to holders of buy to let mortgages.

Recently, FindaProperty.com reported that March saw rental asking prices falling by 0.4 per cent, standing at £827 per month.

The figure has declined continuously for seven months, the site stated.

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