Monday, 27 June 2016

Quarter Of London Flat-Sharers 'Would Be Forced Out By £25 Rent Rise'

A quarter of London flat-sharers are so hard up that a rent rise of £25 a month would force them to move out, according to a survey. One in 10 say their personal finances are so precarious that even a £10 increase would make them seek new accommodation. If the rise was as much as £50 almost half of flat-sharers said they would be unable to afford their rent. A separate survey earlier this year found that one in five renters are not able to meet their monthly payments out of their salary. Of those, two thirds said they would rely on back-up forms of finance such as credit cards, pay day loans or even their pension savings to keep the landlord happy.  Read more on the Evening Standard website.

No comments: