Above average CPI rises in food, fuel and transport in
recent years have effectively reduced tenants’ incomes by one fifth in real
terms. To keep their homes going, 1 in 4 rely on payday loan companies,
doorstep money lenders, pawnbrokers or shops supplying household goods at
ruinous rates of interest. Fifty-five per cent of indebted tenants owe more
than £1,000, with 19 per cent owing over £6,000 and 14 per cent more than
£10,000. For one third, debts are
unmanageable. One in five tenants always have to go without necessities, such
as food and heating, to service debt. And debt is the third largest household
expenditure item, after food and heating, taking 18p out of every pound. Read
more on the NHF website.
Pa-rental guidance benefits charities | Brief letters
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Charging children rent | Keffiyehs and kippahs | A well-oiled cyclist | Sex
(and other) education | 100-year mortgages
We’ve reached a good compromise on...
2 days ago
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