Working families are having to pay “unaffordable” private rents in 55% of England’s local authorities. According to new research from Shelter, over a half of private sector rents across the country are gobbling up more than a third of the average take-home pay. The outcome is unsurprising as between 1997 and 2007 rents increased at [...]
Shelter
Rogue landlords surface in rental boom
Rogue landlords are taking advantage of the rental sector boom, Shelter warns. The housing charity is calling on the Government to give tenants more protection as the number of households privately renting hits 3.4 million. Shelter says it has seen a 23% increase in the number of tenants seeking help for problems with their landlord [...]
Mortgage borrowers unaware of low interest rates
One in four mortgage holders doesn’t realise that interest rates are at historic lows, research highlighted by Shelter suggests.
According to the homelessness charity, 25% of the 1,500 homeowners surveyed believe current rates are either higher than or the same as they have been in the past, or simply don’t know.
Of this group, 9% believe interest [...]
Two million pay housing costs on credit cards
More than two million Britons have been using credit cards to pay their mortgage or rent, an increase of almost 50% in a year, new research from Shelter suggests.
According to the housing charity, the study reveals how people struggling with their housing costs are being forced to take drastic measures to keep a roof over [...]
