rental

Tenants pay as much as 43% of earnings to rent

20th January 2023 Arrears and Recoveries | #rental

Latest insight into the rental sector has revealed that the average tenant is paying 23.5% of their net earnings on the cost of renting, climbing as high as 42.8% in the nation’s least affordable pockets of the rental market according to research by Ocasa. The research shows that the average household earns £4,030 after tax…

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Average rent has increased more than 8% over the past year

29th July 2022 Arrears and Recoveries | #rental

UK rentals rose by 2.47% (£849 to £870) during Q2 2022, the largest quarterly increase during the fifteen years that The Deposit Protection Service (The DPS) has recorded the country’s rental values. Average rents had risen £66 from £804 to £870(8.21%) between Q2 2021 and Q2 2022. The research also found that four of the…

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86% of rental households facing cost of living strain

10th June 2022 Consumer Collections | #rental

Research by London rental platform, Rentd, has indicated that rental cost increases have contributed to a strain on household finances for 86% of UK tenants, with many facing further cutbacks should their household costs continue to increase. The survey of over 2,000 UK tenants commissioned by Rentd found that, since the start of the year,…

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