More tenants struggling to pay rent, says LSL...

22 September 2010

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3 Comments

Written by rosalind renshaw

Tenants are increasingly in difficulties after rents rose at their steepest rate for two years.

Landlords hiked rents in August by 1.4%, according to LSL Property Services.

The rise means rents are the highest they have been since September 2008.

Unsurprisingly, LSL – parent company of Your Move and Reeds Rains – reported in its latest buy-to-let index that tenant arrears jumped 25% to reach £266m, or 11% of all UK rents – up 25% from July, with tenants in the north-east hardest hit.

The average UK rent is now £686, which is 2.5% higher than the same time last year, following seven consecutive months of rises and an increase of 0.5% in July. The average yield rose from 4.8% in July to 4.9% in August.

Comments

- Brian
Sorry I wanted to know how much of nation rent we pay to keep certain folk in rented property on benefits- didn't make that clear Samantha
- 22 September 2010 17:12 PM
- Samantha
There isn't a set percentage; it's dependant on your personal circumstances. Each case is different.
- 22 September 2010 14:21 PM
- Brian
Q Anyone any idea how much rent as a % is paid by Housing Benefits?
- 22 September 2010 12:56 PM

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