Shelter reveals how hard-pressed private renters need to borrow to pay their rent.

May 16, 2017

In a latest survey conducted by Shelter, they reveal that 1 in 3 renters on low incomes, which adds up to almost half a million people are having to borrow money in the form of credit cards, overdrafts or friends and family to be able to pay their rent.

According to a Shelter analysis of government statistics,  800,000 hard-pressed private renters are not even able to save £10 a month, private rents are eating up so much of their income.

Shelter reveals that huge numbers of low-earning private renters are only just managing to keep a roof over their heads.

With the general election just under 4 weeks away,  the housing charity Shelter is calling for the next government to step in and help, they are asking for a new generation of living rent homes for ordinary working familie.

Anne Baxendale, director of communications, policy and campaigns at Shelter, said: “It just isn’t right that so many hard-working private renters are having to take on desperate or dangerous debts just to keep a roof over their heads.

“No family should have to choose between relying on their credit card to keep up with the rent or moving miles away from their jobs and schools to find a home they can actually afford.

“Right now there’s nowhere for these people to turn but it doesn’t have to be this way. The next government must commit to building half a million new living rent homes to genuinely help ordinary families to get by and give them a firmer foundation for the future.”

Source of information Shelter.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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