Not surprisingly landlords are being selective. With the number of applicants competing for each property on the increase, many landlords find themselves in a position where they can select the tenant with the most secure employment prospects or those who are likely to cause the least wear and tear to the property.
Lynn Hilton, Partner for Residential Lettings, said: "The days of simply providing ID and proof of income in order to secure the rental property of your choice are fast disappearing in central London. Competition is fierce for high quality rental properties and applicants are now discovering there is a pecking order in the queue. In some cases tenants are being required to pay eight weeks' rent as a deposit to allay the landlord's concerns over redundancy."
Price beat landlord insurance
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