9:15 AM, 14th October 2011, About 10 years ago
Buy to let rents are too high and are locking poorer working families out of finding homes to rent, warns a housing charity.
Rent amounts to a third or more of take home pay in more than half of towns and cities across the country, says Shelter.
The result is almost four out of 10 families with children have cut down on buying food to pay rent.
The Shelter study also revealed that the cost of rents varies widely across the country:
“Private rented homes meet the needs of many tenants, particularly those requiring flexibility and mobility for their work. However, less than half feel that private renting is a good type of housing tenure2 and for many households private renting is not a choice but the only type of housing they can realistically access,” said the report.
Shelter wants the government to stabilise the rental market with policies that bring rents more in line with average earnings.
Campbell Robb, Shelter’s chief executive, said: “We have become depressingly familiar with first time buyers being priced out of the housing market, but the impact of unaffordable rents is more dramatic.
“With no cheaper alternative, ordinary people are forced to cut their spending on essentials like food and heating, or uproot and move away from jobs, schools and families.”
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