Buying your own home isn’t a viable option for everyone, leaving many to brave the rental market. Renters in popular areas face intense competition to secure a home. The government has introduced measures to ban rental bidding wars as part of its broader efforts to address the housing crisis and protect tenants from exploitative practices.

Rental bidding wars occur when prospective tenants compete for a property by offering to pay more than the advertised rent. This practice often leads to rents spiralling upwards, especially in high-demand areas, making it even more difficult for people to find affordable housing.

Check out these articles on the subject and let us know your thoughts:

Ban on rental bidding wars is on the way – but will it work?

Renters’ Rights Bill: Labour to make biggest change to private rental market since 1988