Tuesday, 16 May 2017

One In Three ‘Rent-Burdened Brits’ Borrow To Cover Home Costs

Housing charity Shelter is calling for the next government to step in and help ‘rent-burdened Brits’. New figures from Shelter and YouGov show tenants are being driven into debt to keep on top of their rent, with over half a million low-earning renters borrowing from credit cards, overdrafts or friends and family in the last year alone. Huge numbers of low-earning private renters are only just managing to keep a roof over their heads, with a staggering 70% either struggling with or falling behind on rent. As private rents eat up income, 800,000 hard-pressed private renters are not even able to save £10 a month according to a Shelter analysis of government statistics. Read more on 24housing.

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