Housing shortage causing tenant bidding wars

20 July 2022

Tenant bidding wars have become increasingly common as the number of homes available to rent has failed to keep pace with demand. This shortage of rental properties has led to landlords receiving multiple applications for every vacancy, and in some cases, tenants are even willing to pay above the asking price in order to secure a lease.

While this may be good news for landlords, it can be very stressful for tenants who find themselves in a competitive bidding situation. According to the BBC, prospective tenants are not only offering more cash but also offering CVs for their children and photos of their well-behaved dogs.

Landlords are being hit with a double whammy and it’s making property ownership less profitable. Changes in taxes have made letting properties more expensive, while legislation related to maintenance and energy pushes costs even higher.

The Department for Levelling-Up has stated that “good landlords” had nothing to fear, and that the reforms were designed to “give tenants greater security”.

If you would like to to discuss this further, please contact your client manager, email us at: success@maple.uk.com, or call the office on 01332 207336.

Maple Accountancy is a firm of expert Business Advisors offering accountancy services, tax and business advice to owner-managed and family-owned businesses.

All clients are individual, and we tailor our service to your needs. Use the site to find out what makes us different and understand why you should appoint us.


Head Office
Carter House, Wyvern Court,
​Stanier Way, ​Wyvern Business Park, Derby. DE21 6BF

01332 207336

3 Brindley Place, Birmingham, B1 2JB
0121 769 2197

Manchester & Leeds Chancery Place ​
50 Brown Street, Manchester, M2 2JG
0113 418 2078

1 Giltspur Street, London, EC1A 9DD
020 7127 0649


Maple Accountancy Ltd.

Carter House, Wyvern Court, ​Stanier Way, ​Wyvern Business Park, Derby. DE21 6BF

01332 207336

Maple Accountancy © 2024 Registered in England & Wales company No 06242262 | VAT No 290923389