Me and my partner have been renting our flat in South East London for almost 2 years now. The tenacy is coming to an end, and we are dreading a rent increase. Our rent was a little high when we took on the property; 2 other flats in our block have been up for rent for £50 and £150 a month less then ours in the past year. We have approached our landlord to ask if we could renew for another year, and they said they’d be happy to, but to talk to the lettings agents.
Does anyone have any advice for the best way to manage this? We really don’t want to get into a struggle with the lettings agents, but they’ll almost certainly be telling the landlord to put the rent up. We are very good tennants, so I’m assuming they wont want to lose us. We are trying to save for a mortgage so every bit counts at the moment, but we are also thinking that if they do put the rent up, then we may leave our tennacy to run out, and continue on a periodic while we look for a house to buy. I understand that the landlord could and probably would then serve us a section 21 to get out, but what are our right to stay on a month by month basis while we complete on a mortgage?
Thanks for any advice