It’s a good time to negotiate lower rent

More and more people are deciding to rent instead of buy as house prices fall. But many aren’t aware of the negotiating power they have in current conditions. So how could you slash your rental bill?

More and more people are deciding to rent instead of buy as house prices fall. But many aren't aware of the negotiating power they have when they're looking for a rental property not least because the latest tale the property bulls are flogging is the idea that a surge in demand from would-be first time buyers "forced" to rent will be great news for landlords.

But the reality is that while the number of potential renters has risen, so has the number of properties available. "We have noticed a huge increase in stock in the last three to four months," says Tim Hyatt of estate agent Knight Frank, partly driven by people trying to rent out their homes rather than sell in the current market.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.