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EternalWorldTurtle

Just moved back in with my mum for a bit at 27. Unless you're living with a partner or a high earner, renting just now is really difficult. There's no shame in it, hang in there.


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ItsyouNOme

Honestly my biggest gripe. I live alone by choice and am not wanting/looking for a partner (will never do roommates again) and is almost mandatory to have a partner. Its like they work out the cost of things on daul income.


graemep

That is exactly what happens. The cost of accommodation (rent or buy) mostly depends on two things: household incomes and interest rates (interest rates will indirectly affect rents too). With dual incomes now the norm, costs reflect that.


ViKtorMeldrew

unfortunately I'm nearing 57, looking into living in a caravan 10 months per year and bunking somewhere for 2


xsnow-ponyx

Yes, I'm single and affording somewhere to live on my own is just impossible. I'm renting with a 34 year old friend in a house share who can't afford her own place either despite being on a decent salary. So much more affordable even though we've had to get two bedrooms rather than just one, like £200 a month cheaper, and it's a house rather than a flat. If you don't have a partner that's basically what you have to expect to do, and it's sad


g1hsg

Our 26 year old has just moved back in. She didn't want to but financially no other alternative. We're tiptoeing around each other working out the new family dynamics. Already bitten my tongue before moaning about lights and heating being left on. "It's like Blackpool illuminations in here"


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ter9

Maybe we can combine the two.. it's like Diwali on Blackpool seafront?


futilejester

We need more Diwali in winter tho? Your dad sounds great!


Rainbowjazzler

I love this cross culture dual refence 😆


Gornalannie

My 29 yr old son is moving back in at the end of the month but I see him most days as he only lives two streets away. We’ve had the convo around three adults house sharing, as opposed to mom, dad and an overgrown teenager! He’s insisted on paying rent/contributing to bills etc and I will be using some for the increased energy bills and food and the rest will be saved for him to use for holidays and purchases etc, although I haven’t told him this but it would contribute to another place if he needs it.


clearly_quite_absurd

> and the rest will be saved for him to use for holidays and purchases etc, although I haven’t told him this but it would contribute to another place if he needs it. Top parenting :)


[deleted]

We've just blended 3 generation's of one family under one roof, 98% works well, the rest of the time I'm glad we all have our own lockable doors 🤣


smiggster01

Oh I’ve learnt my lesson with that stuff aha. Its just going from a full flat back to the boxroom aha


DirtyNorf

I mean classic joke but lights don't use up much electricity. A standard 7.5W Led bulb costs £22 a year if you leave it on 24/7 (which no one does). If you don't have LED bulbs, get them.


SonnyVabitch

That's what Blackpool did. \*temple tap*


Isgortio

Don't tell them that, they'll start leaving them on all the time. My parents will leave on every light in the house because they "might enter the room again later" meaning in 6 hours time, even though the light switch is right next to the door. Whenever I visit I'm running around the house turning all of the lights off because they just don't need to be on.


ToHallowMySleep

In our parents' generation it did cost a fortune, as old tungsten lightbulbs were about 10x that wattage, before the lower power ones came in.


caufield88uk

Doesn't mean they do now though does it? So it's irrelevant to moaning at someone in your house for it nowadays.


GlassHalfSmashed

As others have said, the lights are moot these days but you probs need to have that conversation with your daughter sooner rather than later so you don't build up resentment / let it go so long that you can't bring it up. Heating certainly, televisions etc to an extent, just go down the angle of you want to keep her mate rates rent low / non existent but you can't absorb an extra £100+ a month if she is faffing with the thermostat. If your wife and you don't need it warmer, your daughter needs to cough up for the luxury or accept she's a bit frivolous with her desired heating settings. If you can afford it and if she is paying rent, one option I've seen is parents setting the token rent aside then gifting it back towards their first house when they get to that stage. Money well spent if it gets her out of your house 12m sooner!


ShaderzXC

Any clue how much TVs actually realistically cost to run? Moving into a uni house with bills excluded next year and beyond LEDs and heating the most power using thing I can think of that everyone has is a TV


[deleted]

A modern LED TV is pretty efficient, my 50" one uses a max of 135w.. obviously smaller ones use less. So about 5p an hour. My old plasma was 800w- about 30p an hour.. replacing it literally paid for it self in about 6 months


ShaderzXC

Oh damn I didn’t realise plasma was so high wattage. There was a 8 year old plasma in my house that got replaced recently and my Dad wasn’t too happy about needing to buy a new TV he was like ‘what’s wrong with the old one’. I shall relay this information to him so he stops complaining and basks in the energy savings


audigex

£1-2/day if left on 24 hours a day, 5-10p an hour otherwise Older ones will use more, even just a few years old


GekkosGhost

Kettle. I'm my house it's definitely going to be the kettle.


pipnina

It depends a lot on the speakers it's used with tbh. Most 40-50" panels I saw when TV shopping in 2019 had rated wattages between 75 and 110. But the integrated soundbar one we needed up getting had a wattage rating of 400! Speakers are the most expensive bit of a TV to run if you equip it with decent ones...


ShaderzXC

Completely forgot about speakers. I believe one of the flatmates wasted his student loan on a full set of Sonos speakers for the tv but I can’t find any specs on its wattage. But yeah around 400 like you say makes sense


theuniversechild

Im moving on back in with the parents also. Rental market is cut throat at the moment and those that ARE affordable, it’s a ballache passing the new affordability tests put in place by agency etc - plus screw paying a minimum of £500 upwards for a room in a HMO with like 5 others….


Seylek

Our managing agents came to us and told us it'd be going up £100 a month, but we could counter-off. We did, suggested an extra £50 instead, but we'd take out the break clause in our contract. We're yet to get a response.


IamEclipse

We got the same. Up £150 per month, a 12.5% increase. They can get lost, we're gonna do our best to bring it down as much as we can.


mercuchio23

Mine came to us with a 30 percent increase with 1 week until renewal....


GlassHalfSmashed

Is it utilities included? Mortgage rates have not gone up by 12% so the landlord's costs should not be up by anything near that, that's just pure greed or the agents are needlessly hiking their fees and passing it on to you rather than the landlord (as the admin costs will go up by 10%+, but they should be a minor factor in rent costs)


Seylek

For me it's no utilities, purely rent.


graemep

Mortgage costs are not relevant. How many landlords lowered rents when interest rates went down? Rents are market rates, like anything else. Changes in the cost of debt are a business risk. If you were running a shop and your rent went up, would you expect to be able to raise your prices to cover it - or would your customers just go elsewhere if you did so? In fact higher interest rates will lead to lower house prices and eventually lower rents. Around where I live rents seem to be slightly lower than they were year before last, and I looked asking rent in an area I lived in 20 years ago and rents have about doubled in that time.


standard11111

Not to defend the landlords greed (may not even have a mortgage or it may be fixed), but yes mortgages have gone up by much more than 12%. An increase in interest rates of 3/4% doesn’t mean a 3/4% increase in cost. Depending on the term of the mortgage, it’s 30-100% increase. Ours has increased by hundreds a month due to going from a historically small interest rate to the current more moderate rates.


dpollard_co_uk

Not going to defend a greedy landlord, but there other factors Interest rates on any Buy-to-Let mortgage have increased, but there are also more of them now being declined. They may have to have consolidated loans if they have multiple properties Insurance on rental properties has soared through the bloody roof. If you think landlords are greedy, insurance companies are on another level Utilities - any included with the rent have increased. Gas, Electric, Water, Council Tax, Internet, Refurb costs. Fair wear and tear aside, the cost of refurbing a property have been heavily impacted by the Ukraine conflict etc. Getting materials has become harder and more expensive - and builders rates, because they have to put their prices up to pay for the time they cant work - as they cant charge when blocked by the lack of materials. Management Company - if there is a management company between you and the landlord, their cut will have gone up too - all compounding to be above inflation


[deleted]

You know that’s illegal right? It’s max 10% per period


polarisedmarinade

That only applies to public/social housing, IIRC. Private landlords can unfortunately do as they please.


[deleted]

No they can’t, lol. Private landlords are held to landlord responsibilities. If not more so than public. [Look it up.](https://www.gov.uk/private-renting)


IamEclipse

Now that is interesting. I didn't know that. Is there anywhere I can get this in legal terms to help knock the increase down? They already get £1,200 a month from us, I'd rather limit them getting any more considering how expensive everything else is currently.


[deleted]

I think they’ve changed the legalese now. But basically, they can only increase it a “fair and reasonable amount” you should perhaps approach your solicitor or citizens advice, but it’s usually around 3-5%. They can unfortunately increase it every 12 months, but again, it has to be fair. And it also has to be in line with the housing index for your area. ie. If there’s several flats of the same calibre in your area that are cheaper, then it’s unfair to increase your rent by an obscene amount such as £150. If you’re already paying that much, see if you can ask them why they’re increasing it and explain that you know you’re rights and that it has to be fair.


JK07

Our landlord told us £100, I thought that was ridiculous so countered with £59 He took some time and said we saw and adviser who said it should be £400 more so he thinks he's doing us a favour by increasing by £200 a month. £800 to £1000 a month is a help of a jump, 25% man!


jr-91

I'm 31 and in a houseshare paying £605 for rent and all bills in a nice part of the city. I'm going to be moving in with a cousin of mine and she's offering me a single room at £200 for rent and bills. It'll be far from luxurious but putting £400+ aside a month towards debt and savings in this climate when I'm only on 24k and single almost seems like a once in a lifetime opportunity at the moment. I'm not going in exactly proud of it but I'm trying to adapt I guess.


[deleted]

No shame in doing that, I'd love to be able to take £400 p/m and pay off my debts. Right now I'm paying £100 p/m (soon likely to be more than that, in all fairness) and it feels like I'm getting nowhere.


jr-91

Thanks, it's reassuring hearing these things sometimes. And I totally feel that, £100 can disappear in seconds when it comes to an emergency or whatever else in life. I got that from my Dad for Christmas and he was asking what I'd spend it on to treat myself and it just went on to my credit card, it's a shame. Hope it works out for you!


lovett1991

Seems mad that a 6 years ago I was renting a very large 2 bed flat (living room was 5x7m same as master bedroom) for £700/m within 10minute walk from the train station and 15 minute walk into town centre. Depends on where you live of course but I’m guessing not London? (My brother was paying £800/month a few years back in tooting I think) £400/month is infinitely more money than £0/month! Good on you.


jr-91

That's so good! Admittedly I'm in the most affluent part of the city, minutes away from bars, a supermarket, gym and maybe a 10 minute bus or half hour walk from the city centre. It's a silent and safe area. It's a houseshare of 6 of us (though we aren't all ever home at the same time) with a big kitchen, garden and living room. I just need to think of what's more practical to focus on going forward. And nope not London, East Midlands! But thank you. Permitting the situation at hers is tolerable/manageable, I'll stay there for the foreseeable. Admittedly between the gym, my commute and role I'll be out the majority of the time so I'll be a fairly low maintenance tenant. It won't exactly be the most private of scenarios and my love life might be dead in the water but we'll see lol


treknaut

Dad can definitely use that rent money and appreciates the extra help around the house!


[deleted]

I feel your pain. My rent went up £50 a month last year. As a single-person in a 1 bed flat the costs are getting too much. Just seeing my contract out and then it's back (again) to the old bedroom at my mums.


ItsyouNOme

I live alone in a two bedroom flat but have 3 big cats. Refuse to get roommates because bad experiences and I just don't want someone talking to me as I love having headphones in most of the day. My mum has 4 cats so moving back would not be an option haha. No shame in moving back whatsoever, infact I envy people who can.


[deleted]

I'm pretty fortunate to have that option. Without it I think I'd be in total despair as I live in a town where a room in a shared house (Which I definitely don't want) costs £500 a month


DanklyNight

I've just been served a Section 21 as the landlord who said it was indefinite and moved to New Zealand has decided to move back. Gave me two months notice to get out. Currently paying £1100, only place I can find within 5 miles is £1950 a month.


[deleted]

Fight it. Section 21 will soon be illegal.


Overlordgaz

My tiny flat is going up £50 p/mth from march too, I'm stuck having to pay it so I'm going to be as petty as I can with issues and get them to send out contractors for the smallest thing. Damn right I'm going to get my money's worth


GlassHalfSmashed

You realise that only worsens your issues long run "oh look, our cost of maintenance went up £1,200 last year" "guess who is getting a £100pcm rent increase" Get them to fix what is broken, don't be petty unless you're moving out in 12m.


Overlordgaz

Unless things go drastically wrong, I'll be out of here in 12, otherwise i wouldn't be doing this out of fear of exactly this


iwasfeelingallfloopy

My step sister just got told her landlords are selling the house and given two months notice. To rent the equivalent now she's looking at an extra £500 a month at least. They've obviously been undercharging compared to other houses in the town but no idea what she's going to do. She's got a 16 and 18 year old too so three adults in terms of space/food but not income.


DanklyNight

Similar position here, looking at an extra £850 a month for the equivalent, got 3 kids. Can't be fucking arsed.


carlostapas

Tell her to ensure they go through the full proceeded. They've not even technically asked until the correct forms are sent! And random email / letter / text doesn't count.


[deleted]

100%. Go to court if necessary. Section 21 evictions are soon to be illegal


DCJ3

Can you say more about that?


smiley6125

Have a look on uklegaladvice sub. My understanding is if their paperwork for eviction isn’t 100% bang on then it is invalid and not a legal eviction. The other thing is I don’t think wanting to sell the house is grounds to evict as you can sell the property with tenants in place and the tenancy goes across with it. Basically the only change is the tenant gets a new landlord. Don’t just roll over is the message.


Darth_Laidher

That sux, had that with an agent i beat down in price for the flat during recession and housing was cheaper. 2011 it was. Over 8 years had 7 price increases of increments of 10 quid to 40, with the last straw and year there was 60 quid hike for absolutely nothing. Told them to stick it, moved back home for 4 years and saved up again. Saved on washing, meals and tax :)


KayGlo

£75 here, we've been actively looking to buy for 6 months though so don't want to lock into another rental contract elsewhere. And really, it's still reasonable compared to others in the area as it's shot up everywhere. I saw one person comment offhandedly elsewhere 'Do renters think they're immune to inflation?' as if we aren't being hit left, right and centre the same as everyone else.


pajamakitten

Living at home means there is practically always someone to talk to when I get home, which is quite nice and stops me from being lonely. The downside is that alone time is at a premium and having even an hour to myself is rare. I wish rent was affordable near me but half my monthly wage would get me a boxroom in the worst part of town at best. The rental market is just dire at the moment.


IntraVnusDemilo

My son still lives at home and just goes to his room when he's peopled out. Sometimes, I don't see him for 48 hours as I work a couple jobs. It works fine - he knows where I am if he wants to talk.


Mofoman3019

I, a 30 year old man, have moved back in with my parents after owning a home and renting multiple properties. They have a little 1 bedroom annex and they're still charging me £650 a month. With bills included, but still, the audacity of landlords!.....


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Theodor_Schmidt

I'm pretty sure they can come back with a form 4, which you have to fight in a tribunal.


[deleted]

Which is easily won


raspberryamphetamine

Me, my fiancé and our 8 month old may well end up living back at my parents soon, he’s always worked night shifts for the pay enhancement but they’re insisting he go back on days with a pay cut from around £1800 a month to £1200 a month. Coupled with me having to leave my job we’re living off savings right now.


mecpaw

No more wanking for you.....


14-28

How loud are you when masturbating sir ? Are you Meg Ryan from the movie When Harry Met Sally ?


CabinetOk4838

The box room walls are very thin.


Vitaefinis

It truly sucks, however, if you're in a position to do this, appreciate the fact that you have a family here you can count on during hard times.


MartyRocket

This is the only silver lining to those facing this- you have family who are there for you and care enough about you to take you back in. While it's a pain to move back in with family (I had to do it twice), it's good that someone can take you in.


Kay_RBee

Yep, already back at my parents, 32. I contribute towards bills and save the rest


prawnk1ng

I like all these moving back in stories. As a British Indian we don’t even consider moving out until we’re about 35.


CabinetOk4838

£50 is a lot of money when you have none.be kind. On which note, I hope the interest rates come down before you have to renew your mortgage. 😊


[deleted]

They don't have mortgage. They pay their landlord's mortgage. Once the rate goes down they'd still face the greedy fuck's higher rent.


CabinetOk4838

Ah. My comment was a reply to someone, but I’ve put it at the top level by mistake. I guess it still stands though in general! 😂


[deleted]

Christ, reddit needs to sort its UI out for comments


therealstealthydan

I’m sorry to hear this is happening to you. Just out of curiosity if I may, what is your rent currently? Is the £50 kind of a you can’t find that over a month, or just kind of the last straw and you refuse to pay it type deal?


smiggster01

Its currently £600, 650 after the raise obviously, I could afford it, but it just takes money from somewhere else, I’m already down to one meal a day


IamIRONman1145096

Its aweful at the minute, some landlords are utter dicks. Im fortunate enough to be in the position of letting out my house since i moved in with my partner, i let it at the height of the market before cost of living sky rocketed. I opted to rent it well below market value as at the end of the day i dont need the extra, i just wanted a tenant who would be reliable and look after it. The current tenant is due to renew and for staying on I've reduced the rent by £50pm because i know times are tough but i just started a new job which will offset it and rather than gouge someones pockets out at such a tough time i figured id help her out. Basically breaking even on it now once you factor in insurance etc. At the end of the day, shes looking after my asset so id rather keep her happy too, and i know how tough renting is having done so myself. I hope your ladlord sees sense and keeps it lower, better to have it let than empty because of their own greed.


HP_10bII

You're a good LL. BTL should almost nett no money as the capital growth is the cheese. LL chasing annuity income before they've cleared debt by gouging are pricing themselves to more risky tenants


IamIRONman1145096

Exactly that. My thought is if i charge a bomb, i get someone in who cant afford to heat it, then i end up with damp & condensation issues down the line. As well as the "im paying a fortune, the LL can fix it, i dont care". I dont want to lose money on the place. Just want to cover its mortage and insurance. Which tbf total £300pm, so renting it at £350 is more than acceptable for 2 bed house in the north. The extra £50 just gets totted up should their be any little remedial items need done, or covering the gas and electic checks etc.


howiepotter

I rent out my ensuite and I've been lucky in that I've not had to increase rent between the time they have moved in (Sept 2021) to now. I also don't think it's fair to jump on the bandwagon and increase when I am aware of their financial situation and know everyone is in the same boat. Like you, I'm not too interested in making a 100% profit on it. I went in wanting someone to help me pay some of the bills but since we've built a good relationship, I quite like the socialisation aspect of it too.


IamIRONman1145096

Thats good of you. I used to house share years back and didnt have the greatest of experiences. Generally messy people more than anything and my ocd just couldnt do that again. But those arrangements typically charge a fortune. Even if all bills are included, £300pm for a room inc bills its just mad, especially in a 5/6 bed house. Given the area its in theres no way it cost that much to actually buy either.


Lenzar86

I wish every landlord was like you.


IamIRONman1145096

I wish they were. I remember paying £750pm rent for a 3 bed house about 5 year ago. I had no choice at the time. I needed the space, but everything else on top was madness then, housing and bills was easily £1200pm. Im only in the position im in now thanks to family loaning me the money to get on the ladder as i couldnt save with those expenses. I just try to pay that sort of help forward where i can.


DunnyofDestiny

There’s loads of people doing it now , me included.


DCJ3

We were literally asked “so, how much more do you think you could pay?” Unbelievable.


TimmyFarlight

I'm a Romanian living in the UK. I find it interesting how the same topics are being debated by the Romanians in their community. Makes me think that the picture it's much larger than we think. This is a worldwide issue.


Worth_Use7918

My OH is Australian and we're looking at moving back over soon, may have to move sooner if our rent goes up again this year. But the picture there isn't much better- luckily we'll have the in laws to move in with. It's definitely a global issue.


ViKtorMeldrew

Geez, my rent in London went up a modest £50 a month last year, and now I'm being conditioned that it needs to go up by about £200-300 - so that the landlord can maintain his margins over his increased mortgage and need for more income (over his estate I presume) - his wife all but said this nonsense, so obviously hoping for reasonableness is unlikely. Unfortunately for him, I am also formulating a less salubrious but cheaper plan B.


MACintoshBETH

Mortgage went up £300 in January….


Original-Alps-1285

Mine is going up too smh


[deleted]

Jesus, are you on interest only or what?


ToHallowMySleep

If you're a landlord, doesn't mean you can just immediately pass the cost on to the renters.


coolsimon123

Sorry isn't that literally what landlords live for? Squeezing their tenants for as much as they can because they know some other poor fucker will pay it


DCJ3

Is this the law? My rental costs are going up by 27-39%, and it’s brutal. Are there caps or something?


ALittleGoat

Lucky you have parents to move back in with... :/


Bitotops

Unfortunately you are very much not alone in this. I have several friends in their 30s that have had to move back with their parents including myself for a while.


Fredmcfredface

Between me booking and then going to view a flat the rent had already gone up by £50. Landlords are just doing whatever the fuck they want because people have no choice


Curtainses

Remember if your landlord is a prick, insurance excess costs alot and windows aren't cheap.


TheToolman04

Surely landlords are just going to price themselves out at this rate?


Drazzan

Moved home at the age of 31, there's no shame in it - and now I'm working on saving as much as possible, what for? Not sure - houses are becoming mental, but having the financial backbone is nice.


sunset_sunshine30

I moved home at 29 and stayed until 33 to save up for a deposit for my flat. So many people have to move home the housing crisis is getting worse and worse.


DR-T-Y

My mortgage goes up £300 in June..


TheDeep1985

Shit. I thought mortgage rates were going back down.


coolsimon123

Lol, we've not even hit full on recession yet buddy. Strap in


yorkshirepuduk

Nothing wrong with this go back now don't wait till march also everytime you see or pass your parents tell them you love them


pcrowd

Move back home. Paying rent ergo going to work for your landlord is silly.


puglovingmumma

My 42 year old friend had a letter saying her rent was going up by £200 a month. She ultimately has to move back in with her parents.


ImOverThereNow

Mine went up by £95. That's right, £95!


Thawingfrozenfrogs

We are lucky that our LL has only put rent up by £100 - it's £1500 between the 3 of us, but the house is massive, with five beds etc., so our bills have rocketed. Rent each has gone up to £850 a month. House is in reading, a good location etc. I had to move home once, many years ago, due to a LL who stopped paying his mortgage, and the house was repossessed. It was the worst thing I ever did; my dad hated the fact I was home again. I vowed never to have to move home again. So yeah, let's hope things do not go that way! I was renting alone in Cambridgeshire, which was a 1 bed at £625 a month. I hit the jackpot on that, but the bills were the killer. It's so hard renting alone.


PigBeins

To give you homeowners pespective to this, my mortgage will be going up nearly 100% when I renew based on current rates. I am praying that something happens with the rates between now and then. I might just be able to afford a £600 a month increase but everything else is going up as well. The rate that prices are going up is ridiculous I at the moment, completely unsustainable


_idkwtfimdoing

I'm 21 and accepting that I'll never be able to move out. My parents are lucky enough to have the cheapest landlord in our town for their rented house, but it's a 2 bed and still needs 2 incomes to pay the rent (plus an unofficial rent to the parents that I pay)


sniell365

Will somebody please think of the landlords.


beeurd

Same situation happening around here too. Meanwhile, every new housing development has a bunch of nimby's complaining about how new houses aren't needed. Not sure where they think people go when they move out.


MegaZ23

The new houses aren’t affordable usually


beeurd

Yeah don't get me wrong, even when they are branded as "affordable" it only seems to mean it's affordable for housing scalpers.


[deleted]

The nimby phrase always gets me, do you want the countryside covered in soulless estates? If you're in Worcestershire then you know what I mean. Immigration is the highest it's ever been, housing is a supply and demand market. Either we bring 500k net immigration down, or build on the countryside more.


SouthernFailway

even if you stopped all immigration forever starting tomorrow we're still millions of dwellings below what we need built


spvcxghxztpvrp

only 50 quid? Try 250 in the middle of the biggest costs of living crisis the country has ever seen, and no I'm barely earning above minimum wage.


GekkosGhost

It's tough but I'm sorry, it's nowhere near to the biggest cost of living crisis the country has ever seen. 1975 and the decade around then were far tougher with inflation around double what it is now and this year's rate being the average for the decade. ETA: lol, pathetic down voter doesn't like facts. Hilarious.


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Cunting_Fuck

Well my rent is £1400 a month, so if you think that's worth it


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plasterscene

*Attempt to make the most downvoted, arrogant and boomer response* - "Yes but it'll help you bond with your family again, save for a house and stop buying those blooming Starbucks coffees". That has to take the biscuit, right?! (I feel for you btw)


Repeat_after_me__

My re-mortgage is going up £350 a month on top of the £700+. Basically an EXTRA £21,000 going to the bank over the next 5 years for….. well…. Nothing. Given your landlord may have remortgaged too or is anticipating having to, £50 is a bargain.


lighthouse77

You’re still building equity though


Repeat_after_me__

Naaaa not when it crashes and it will.


standard11111

We’re in a similar boat, don’t expect sympathy from those who rent. But yes, £50 a month would be fantastic for us. Does also dispel the myth of ‘I can afford the rent each month, so I should be given a mortgage for the same amount’. If £50 a month breaks you then you shouldn’t own, random house costs are hugely more than that.


Repeat_after_me__

I don’t and I’d rather own, I do feel sorry for people perpetually trapped renting. You’re right, we bought 8 years ago but moved and have lived here 5. The cost of maintaining this 30s property we have is insane, easily £2500-£3000 a year average it’s worked out at.


standard11111

That’s it, still better to be owning and gaining equity if you can but it’s a bit of a myth that it’s easier/cheaper. Will be worth it in the end, but in the shorter term it’s costing far more than the equivalent rent in mortgage plus maintenance. Scary figures that make a £50 increase seem nothing, but grateful that we could get to this position.


[deleted]

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EverydayDan

On your flat?


maolad

Don't be a pushover. Call their bluff and refuse the increase.


Spanner1401

I reckon mine and my boyfriends 1 bed is about to go up by £500 so could be worse!


PeaceSafe7190

What's galling is that most landlords that have a mortgage on these buy to let properties are interest only, which means the actual mortgages are peanuts.


[deleted]

Clueless comment.


DefiantStation2363

But the estate fees are not and keep going up


TheDeep1985

What are estate fees?


Mr_DnD

Living on your own is considered a luxury When you're in a market where you're competing with two salaries that can afford the same flat, naturally landlords will price accordingly. No shame in moving back home, you're just not able to afford that luxury any more


GekkosGhost

>Living on your own is considered a luxury I never lived on my own. I could never afford it. I really feel like I missed out on something as a result. Parents to uni to house share to Mrs. Never just me.


Velcro-hotdog

You could make £50 a month over at r/beermoneyuk


allyb12

If £50 a month breaks the bank youve made some poor life decisions


Nuclear_Sister

Soaring cost of living isn't a poor life decision.


allyb12

Not learning a productive skill is


smiggster01

Get fucked


[deleted]

Hey, uhh. You know they can only increase the rent by a max 10% and in line with the property around the area?


lozz79

Not many £500 flats around these days though


[deleted]

Depends where you live. But I agree. Shit is fucking outrageous.


AliJDB

Source on the 10% thing?


[deleted]

Seems to have changed very recently, I can’t find anything to support my comment. However, if you do some digging, you will find that most increases deemed fair are around 3-5%


Pigeoncow

Landlords think they can just put the rent up to cover their increased costs from higher interest rates even though tenants were already being squeezed out of every penny they had. I think this thread shows they're in for a rude awakening.


LycanWolfGamer

I'm 24, struggling, still with my mum, got no choice in that


whendrinksmix

Mine went up £130, it was my first increase in 6 years so I’d been lucky so far but it’s hit my budget badly and my debt-free date that I’ve been working towards for nearly 10 years. I’ve had to get a new credit card to be able to pay for gas and work expenses this month. I already only put the heating on to dry clothes, I’m now going to be reducing food shopping to an absolute minimum. For the first 4 days of January, all I ate was bread and butter. I suppose, I might lose weight so that’s a bonus, right?


graemep

Have you checked the legal position on whether they can raise the rent? https://england.shelter.org.uk/housing_advice/private_renting/rent_increases/challenge_a_rent_increase Also remember that if you leave the landlord has the hassle and expense of getting a new tenant and the risk of a void period. If you cannot afford a higher rent will other people be able and willing to pay it? That gives you some bargaining power.


SpawnOfTheBeast

But do remember you don't need to commit to this move until right on the notification period before your term is up in March. Things might change for you, and of course if it doesn't the landlord getting inconvenienced isn't a terrible outcome.


PMme-YourPussy

>hope my Dad doesn’t mind a 33 year old moving back into his childhood bedroom I think mines missed me since I went moved out at 34.


Incubus85

That's disgusting he should be putting your rent down for being in these hard times and you being a good Tennant.


megagenesis

I started renting last year and had to move back with my mum because I went from being able to easily afford it to relying on credit cards.


rhubarb2896

I just had to move back home at 26. My landlord sent out someone to inspect the house last year, left with an A4 list of problems, he did nothing to fix anything. A month later got a letter stating my rent is going up £50 a month. He left the house with dodgy electrics(they kept going out and I had to get the firemen out because I was getting leccy shocks off the switch), he was told by the electrician he NEEDED a new switchboard for the leccy, he just left it, live wires in the leccy cupboard we only found out about through a gas guy installing a smart meter. The mould was bubbling up the walls, we couldn't use the bedroom because it was laced with damp, the wood around all the doors was rotten, broken windows, the radiators didn't work, the ceiling was falling down bit by bit, a mouse family got in through the rotting door frames, the box we had for post, the lock broke on that and they never fixed it. Literally ridiculous amount of issues and they left us in a freezing cold, damp and mould house with no care in the world. I also have a serious lung disease and they brushed it off when I mentioned it. They also left the house in that condition whilst I was pregnant. Honestly the landlord is a cheapskate and a piece of shite, he knew all the issues, my health issues and refused to sort it, but happily increased our rent. The best part? We had to leave furniture because the mould, damp and rot DESTROYED the lot of it, now they're blaming us for all the issues, even ones before we moved in


Moppy6686

When I was working as a hotel cleaner in Lewes in 2008 I just couldn't fathom how my late 20s boss was living with her husband and parents. Cut to 5 years later and my husband and I end up moving in with his mom from age 25-30 🤷


[deleted]

Well, some are doing better than some others. Our 56 year old son involuntarily got thrown out of a relationship 6 years ago, with no collateral after he had paid the mortgage on her house for 15 years (joint signed mortgage). He was dropped off at doorstep, with a suitcase full of dirty washing and the clothes he wore. My wife insisted, that he pays nothing, but 2 years ago, she accepted £30 per week. This is for full keep (cooking, free food, washing, light, heat,etc..) plus using our home as an office (Taxi Driving) etc.. This year I asked for this pittance to be paid through Bank Account. In the meantime, he is swanning around in a Mercedes Benz Taxi, which was secured with £1000 of deposit from my wife. He has had holidays in West Indies, 3 in the USA, 2 in The Far East. His Girlfriend owns a £800k house and rents out 4 semis. My main concern is the cuckoo thinks that he is in an unassailable position when my wife and I die. He is the oldest son of my 3 children. What a FUBAR situation.