Friday, 10 October 2014

Five Million Britons Could Be Stuck In the 'Rent Trap' Forever

Two thirds of people living in private rented homes could be trapped into renting forever as they are unable to put any money aside for a house deposit, new research shows. Polling of private renters in England for Shelter has found that 5m people – 66 per cent of renters - are stuck in the "rent trap". The situation for is getting worse, with the proportion of renters not saving anything towards a deposit jumping by 13 per cent in two years, the YouGov poll shows. Of those who are planning to buy their own home, more than a third think it will take them over a decade to save enough for a deposit. Read more on the Independent website.

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