Monday 22 August 2016

Five Million Private Renters 'Risk Housing Crisis Without Wage'

More than five million working rental sector tenants are at risk of being unable to cover their housing costs if they lost their wage, a report estimates. The research, authored by Steve Webb, a former pensions minister, warned the growth of the rental sector in recent years, combined with possible post-EU referendum rises in unemployment, could create a "toxic cocktail" for tenants who may find they are not eligible for housing benefit or that it may not fully cover their rent. The report found a steep rise across the UK in the number of working people who would potentially be at risk of being unable to meet their rent if they lost their wage through unemployment or sickness. Read more on the AOL website.

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