Is it best to rent? Property expert says probably, but do your homework

The RRA provides tenants with more security and freedom.

Its key provisions include an end to “no fault” evictions, rolling tenancies with no fixed term contracts, and requirements to fix hazards within strict timeframes.

This also works in tandem with Awaab’s Law, which requires landlords to quickly undertake repairs where damp and mould could pose a risk to health, and emergency hazards to be fixed within 24 hours.

The changes mean that tenants will be sitting pretty compared to homeowners if prices fall or interest rates rise - or both.

In the past few weeks, there’s been much speculation about another cut in interest rates when Bank of England bigwigs meet next Thursday.

A cut had been expected, but the Iran war may mean that rates will rise.

This would be less than optimal news when prices are effectively stagnant in many parts of the country.

Renting is much less of a commitment than buying, so here are some tips to bear in mind when looking for your perfect rental property:

Look for “accidental landlords” - These are people who once lived in a property and often care more about having a long-term, respectful tenant, as opposed to corporate portfolios where every penny of rent is squeezed out of tenants.

Check the energy health of a home - Don’t just look at the decor. Check the EPC rating and ask about recent boiler services: a cold, damp home is never a long-term home.

Treat the viewing like an interview - In a competitive market, be the tenant a landlord wants. Have your references, proof of funds, and a brief bio ready. Showing you're stable and professional can often win you the place over a higher bidder.

Research the management: Is it managed by the landlord or an agency? Look up reviews for the agency specifically regarding repair turnaround times. A beautiful flat is a nightmare if the tap leaks for three weeks.