The amount being paid by private renters in England is
approaching parity with mortgage payments having jumped more than 160% in less
than a decade. Now, campaigners warn of a coming ‘rent crisis’ as the number of
renters rises. Ten years ago, the amount of rent being paid was only 30%of the
total handed over by homeowners. New analysis for Shelter shows the current
figure pushing past 75%. Overall, the Shelter figures – not adjusted for inflation
– show the total amount spent on private rent jumped more than 160% in under a
decade – from £15.9bn in 2006 to £41.3bn in 2015-16. The total spent by home
owners almost flatlined – rising just 5% from £52.1bn to £54.9bn. Read more on
24housing.
England’s housing courts at breaking point as renters battle no-fault
evictions
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Courts said to be ‘overloaded’ as landlords sell properties and tenants
with nowhere to go try to delay evictions
It is a Wednesday afternoon at Stratfor...
2 weeks ago
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