rent increase

Rents jump 5.7% as house prices hold steady

19th October 2023 Consumer Lending | #rent increase

Average UK house prices edged 0.2% higher to £291,000 in the year to August, but private rents jumped 5.7% in the 12 months to September, according to latest data from the Office for National Statistics (ONS).  London saw the biggest change in private rents over the last year, up 6.2%, the highest since records began in 2006.  Private rents lifted…

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More than 1.1m renters hit with a increase in the past month

26th September 2022 Consumer Collections | #rent increase

Almost 1.1 million private renters in England, one in seven, have had their rent increased in the last month, a new report from Shelter reveals. The charity’s research shows millions of private tenants are stretched to breaking point: one in three (2.6 million adults)are spending at least half their household income on rent. And even…

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Average rents costs increase for the sixth consecutive quarter

27th April 2022 Arrears and Recoveries | #rent increase

Average UK rents have increased for the sixth consecutive quarter, according to The Deposit Protection Service (The DPS). The research also showed that some tenants are paying above the going rate to secure a property. The UK’s largest protector of deposits, which safeguards 1.8m rent securities, says that average rents now stand at £849 a…

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