Is the rental market working? | Money | guardian.co.uk
Recent months have seen a slew of surveys suggesting that times are getting tough in the rental market. We've seen tales of rising rents, properties being let in record time, and families being priced out of homes in more than half of English boroughs.
These stories attract a lot of comment from readers of guardian.co.uk/money, some of whom have told us about their own experiences of renting. They report being asked to put down holding deposits of up to £200 to secure a property the moment they have seen it, being drawn into bidding wars, and of being gazumped multiple times. They also suggest that lettings agency "processing fees" of more than £200 each time they move house is not uncommon.
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