Renters are being priced out of house and home by
deposits that have soared by 50% since the financial crisis began, new data
have shown. Figures from the government-backed Deposit Protections Service have
revealed that the average deposit for a rented property in the North East of
England has jumped from £600 to £900 since 2007, while wages have climbed by
only 13%. And the steep hike means that 49% of renters in the
region are having to borrow money to pay for their deposits, with many turning
to payday lenders for the funds. Read
more on 24dash.
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