One in four families renting homes in England is falling
into hundreds of pounds of “bad debt” due to the cost of moving house, new
findings show. Having to pay letting fees, removal van hires, cleaning costs
and other requirements that come with moving properties has seen thousands of
families taking out debt in the form of credit cards, overdraft, bank loans or
payday loans, according to a report by housing charity Shelter. A total of
255,944 private renting families took on such debt the last time they moved,
with the cost of moving home amounting to an average of £1,619 across England –
and reaching £1,707 in London. Read more on the Independent website.
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