HTB comments on ONS Private Rent and House Price data

19 November 2025

Alex Upton, Managing Director, Specialist Mortgages & Bridging Finance at Hampshire Trust Bank:

"While rents continue to rise, the rate of growth has been slowing for some time. Even so, the conditions for further increases remain. Propertymark’s latest data shows demand from tenants is still significantly outpacing supply, and that level of competition is likely to keep rents under pressure. It will be important to see how that dynamic evolves now that the Renters’ Rights Act is on the statute book.

"The Renter’ Rights Act is already prompting landlords to reassess their position. Some are choosing to exit the market, while others are adapting by restructuring portfolios, exploring incorporation, or planning upgrades to meet future requirements. This shift is driving greater demand for longer-term thinking and practical guidance.

"All eyes are now on next week’s Budget. Speculation around further tax changes, including the potential introduction of National Insurance on rental income, is adding to uncertainty. This would have a particular impact on landlords holding property in their own name rather than through a company structure.

"The Chancellor must strike the right balance. Raising standards across the rental sector is important, but that cannot come at the expense of long-term capacity. Without a meaningful increase in housebuilding, home ownership will remain out of reach for many, and the rental sector will need to carry more of the weight."