Living Redefined

Tenant your property for free and receive a £150 welcome voucher with NRLA Membership

Join Living Redefined with a member welcome bonus

As an NRLA Member, receive a £150 welcome bonus when we tenant your first property.

Who is Living Redefined?

Here at Living Redefined we want to offer landlords something different – a new way to rent your property. Understanding the nuances of Property Investment in 2024, we believe renting to Supported Living Providers could just be the future!

We provide landlords with a simple, cost-free solution for renting out their properties. With our well-established network of trusted Social Housing Providers, you can enjoy peace of mind, knowing your property is in good hands—at no cost to you.

Let us handle the process, so you can focus on what matters most.

The partnership with the NRLA provides a £150 welcome voucher for members who successfully lease a property through our services.

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Challenges facing landlords in the current market

1. No or Late Rental Payments

One of the primary concerns for landlords is the issue of rent arrears. Recent data shows that 18% of tenants end their tenancy with unpaid rent, with the average arrears amounting to £1,845. This situation has been exacerbated by rent increases outpacing salary growth by 5.2% over the past decade, making it increasingly difficult for tenants to afford their rent.

2. Increasing Utility Bills

Rising energy costs have become a significant burden, particularly for HMO (House in Multiple Occupation) landlords who cover utility bills for their properties. Energy prices have doubled over the last 10 years, adding considerable pressure on profitability.

3. Rising Maintenance Costs

The cost of maintaining rental properties has surged, with an estimated year-on-year increase of 9.22%. This sharp rise in maintenance expenses is squeezing landlords’ profit margins, making it more challenging to maintain profitability.

4. Management and Tenant Find Fees

Landlords are increasingly moving away from cheaper online letting services and returning to traditional high street agents. This shift comes with a higher cost, with landlords typically paying up to 80% of the first month’s rent in tenant find fees and 10-15% in ongoing management fees.

5. Rising Mortgage Interest Rates

The UK’s high inflation rates have led to significant hikes in mortgage interest rates. For many landlords, these increased rates have completely eroded profit margins, leaving them in a position where they must cover a monthly shortfall out of pocket.

6. Government Taxation and Legislative Uncertainty

The looming threat of rent freezes, higher taxation, and the potential removal of Section 21 no-fault evictions are all contributing to the growing uncertainty in the rental market. These measures are making it increasingly unattractive for landlords to remain in the market, further driving the trend of landlords selling their properties.

There is a solution...

At Living Redefined, we are able to offer our landlords secure, long-term leases, seamless property management, and optimized rental returns through the following services: