Ladybird Living – Your London Estate Agent

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How does open banking work and what are the risks?

Open banking is gaining increased recognition, particularly for its significant impact on expediting tenant referencing in the private rental sector. Despite its efficiency, there may be concerns about its safety, especially from potential tenants. This guide provides an overview of what it entails and its implications for tenants, landlords, and letting agents.

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Blog

Rent decreases by 11% since summer ended

Rent prices took a notable 11% downturn following the scorching summer as the market experienced a cooling phase in October. The latest report by the Goodlord Rental Index indicates a substantial drop in the average rent for new tenancies over the past month, aligning with the dissipation of the summer's high demand.

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Blog

How are elevated rental costs impacting tenant affordability and choices?

The data indicates that there has been minimal change in recent months; rents remain steep, and available rental properties are scarce. According to the "State of the Lettings Industry 2023" report from Goodlord and Vouch, 76% of tenants have encountered challenges in securing a rental property. Considering this, what emerging patterns can be observed?

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