Rent controls needed to combat mental health crisis among renters claims activist group

Rent controls needed to combat mental health crisis among renters claims activist group

8:52 AM, 23rd February 2024, About 3 months ago 15

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One in three renters claim housing is harming their mental health, according to new research.

Data by the London Renters Union (LDR) reveals that 63% of private renters feel depressed about paying their rent.

The activist group is calling for rent controls to bring down rents to take pressure off renters.

Landlords are cashing in

According to the survey, three in five private renters say that renting has had a negative impact on their financial security, including basic expenses.

One in two say it has also had a negative impact on their leisure spending. The activist group blamed landlords for “cashing in” on the rental crisis.

The group said on X, formerly Twitter: “Landlords are cashing in. Most buy-to-let mortgages are focusing on expanding their portfolios.

“Most mortgage-free landlords are hiking rents despite being unaffected by rising interest rates.

“It is becoming harder than ever to live a good life in the private rental system. With each year, rent eats further into the things that we need to feel secure and happy.

Roof over our heads

The London Renters Union (LDR) adds rent controls are the solution to tackle the rental crisis: “Our basic happiness is too high of a price to pay for something as fundamental as a roof over our heads.

“We need rent control now to bring down rents and take the pressure off millions trapped in this system.”

A rent cap which aimed to protect tenants from excessive rent increases in Scotland failed to prevent new rents from skyrocketing.

According to Citylets, a leading lettings portal, new rents have risen by double digits for the fifth quarter in a row, reaching an average of £1,097.


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Comments

Jim K

13:27 PM, 24th February 2024, About 3 months ago

Frankly I am surprised that 100% of renters do not feel depressed about paying the rent. I feel depressed about paying the mortgage......

Michael Booth

9:19 AM, 25th February 2024, About 3 months ago

Had a tenant using mental health for non payment of rent while they were out partying boozing and having a jolly good time on my rent and other benefits, they even got a charity to pay it for them one time , the usual suspects came to try and prevent me issuing eviction proceedings with no avail out they went, when will these do gooders wake up and realise they are having the pi$$ took out of them.

Fed Up Landlord

10:04 AM, 25th February 2024, About 3 months ago

"63% of private renters feel depressed about paying their rent"

Oh dear. How sad. Never mind.

Michael Booth

10:23 AM, 25th February 2024, About 3 months ago

Reply to the comment left by Fed Up Landlord at 25/02/2024 - 10:04
Just read that putting a rent cap of rents decreases rents, well in 25 years of renting property in the prs it's new to me.

Mike231

13:05 PM, 25th February 2024, About 3 months ago

The only control, I am using is to control the number of houses I let out, the last one goes this time next year, will invest my money elsewhere, I didn't set out to be a social landlord as all lettings are social in my opinion!

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