Property News · June 9, 2018

Renting? You’re lucky to have£23 left after paying the bills | Patrick Collinson


For most private tenants, renting is not a lifestyle choice – it’s the only option available to themHow much money do you need each week to enjoy a decent life, once the rent or mortgage, gas and electricity and food shop are seen to? Some cash for lunch at work. Maybe a weekly trip to the cinema or pub, the occasional restaurant visit, while putting money aside for an annual holiday. Yet shocking figures from Nationwide reveal that a third of people privately renting in the UK – that army of workers paying off the mortgages of other, richer, people – have just £23 left to spend each week.Nationwide’s analysis of the private rental market blows the whistle on the ludicrous claim from buy-to-let merchants that people choose to rent and that they enjoy a jaunty iPhone-and-avocado-on-toast lifestyle. Continue reading…

Source : theguardian.com
Read more…Renting? You’re lucky to have£23 left after paying the bills | Patrick Collinson

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