Property News · May 2, 2016

Would a rent cap work for tenants facing £1,000-a-month rises?


The precarious nature of renting is a growing concern – but how best to improve the market and limit rising costs divides opinion. Harriet Meyer reportsHayley Miller was initially shocked when she received a letter to say the rent on her London flat was to increase by £1,000 a month. But this soon turned to resignation when she accepted that the unaffordable hike would mean she had to move to another flat – her eighth move in eight years.“The contract was coming up for renewal and we were told the rent was increasing to £2,800 a month [from £1,800],” says the 34-year-old, who shares a two-bedroom flat in Camden with a couple. “It’s really sad as I loved it, and the landlord let us get two cats only a few months ago. I’ve only been there around a year, and the last rise was only about £70, so this was a total shock.” Continue reading…

Source : theguardian.com
Read more…Would a rent cap work for tenants facing £1,000-a-month rises?

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