Friday, 17 May 2013

No Homes for the Young

A new report on the affordability of renting a shared home on benefits in London reveals:
    *Only 5.5% of shared properties in London are affordable to under 35s on benefits
    *Welfare reforms have added an additional 12,000 claimants competing for rooms in shared accommodation
    *Private Rent levels have increased by 37% in the last five years and are predicted to rise by a further 29% in the next five
    *Less than 1% of landlords state they are willing to accept tenants claiming benefits
    *This competition is likely to create more homelessness unless more affordable housing can be found
Read more on the Homeless Link website.

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