North East is most affordable rental region

The North East was England’s most affordable region to privately rent last year, Paragon Bank analysis has revealed. In the North East of England, earnings averaged £30,078 in 2022. A rental affordability ratio of 23.5% is derived by dividing this by £7,054, the average annual cost to privately rent a home in the region. This…

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Tenants face £1,000 extra cost of living rise on rent and bills

Housing tenants face having to find an extra £1,000 this year to cover higher rent and essential bills to fund cost of living rises according to research by Hamptons. The company’s Monthly Lettings Index found that tenants will end up paying more than ever on rent and bills, with an average of 54% of household…

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