Saturday, 15 October 2011

Families in UK struggle to afford soaring private rental prices...

According to a survey by the homeless charity Shelter, a worryingly increasing number of families in the UK have been priced out of rental property in the majority of local authorities in England. The Shelter Rent Watch found that 55% of ordinary working families are unable to afford the average prices for private rents of local authorities in England. The accepted measure of affordability states that the average rent for a house should sit at one third of the families 'take home' pay, however typical rents charged by private landlords exceeded the standard third. The research showed that 38% of families with children were having to cut down on food in order to pay their rent. who were renting privately had cut down on food to pay their rent. Planning on moving house? Need conveyancing?? Visit us for your free quote today!!

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