100,000 struggle with rent arrears
Filed under: Debt
More than 100,000 private tenants in England and Wales are struggling with "severe arrears", a study has suggested.A guide to renting
More stories
Filed under: Debt
More than 100,000 private tenants in England and Wales are struggling with "severe arrears", a study has suggested.
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bit tactless as this was posted just underneath an article on the highest paid :actors; talk about rubbing your nose in it
July 04 2012 at 10:13 AM Report abuse Permalink rate up rate down ReplyIf people are struggling now then its going to get a lot worse ,as funds for new social housing are seeing a masive cut back by this government, the only way they can survive is by a large increase to rents in the future months.
July 04 2012 at 9:21 AM Report abuse Permalink rate up rate down ReplyBanks tell buy to let landlords that they must charge 1.25 times the monthly repayment to satisfy them. Well if interest rates are at an all time low, what is going to happen when they start rising? I would be grateful if landlords can verify this.
July 04 2012 at 7:27 AM Report abuse Permalink rate up rate down ReplyThe 1.25% is the minimum requirement, but smart Landlord try to structure their Investment at 1.50% this allow you some protection from going into negative territory. Example your monthly mortgage is 500.00 the rent is 650.00 you have 150.000 spendable to protect you from increase in interest rate on your mortgage. Without the margin of safety you will be in danger territory. A wise investor should avoid being over leveraged. An experienced Landlord that has been in the property business for 30 years. If you are loaded with cash now is the time to Invest in Brick and mortar since the politicians have cranked up the printing press, printing Pounds, dollars and Euro. I remember in the 50 you could buy a beautiful three bedroom home near London for 3500.00 pounds. Those prices are now history.
Author ‘’Seeing Red’’ ‘How America is losing the future’ Available at: http://www.amazon.com/Seeing-Red-Joseph-Foster/dp/1613468121/”
It's not just falling wages and falling jobs but the extorionate rents being charged by property speculators and wannerbe second and third home owners wanting a return on their investment, often with a view to paying off buy to let mortgages. Bank deposit interest is now so low as to be worthless whilst the bank uses the money.
July 04 2012 at 7:01 AM Report abuse Permalink +1 rate up rate down Replyour council has been forced to raise its rents by 9% because the government told them it was too low.
July 04 2012 at 7:00 AM Report abuse Permalink rate up rate down ReplyCan't (won't) pay their rent, but I bet they hang on to their 50 inch plasma screens (one in every room), Sky TV packages, Top of the range mobile phones, Holiday Plans, Branded clothing/footwear, Fags and Booze!
If you can't afford it, then learn to go without!
If this means moving to a cheaper house then that's what you do!!
you seem to be a bitter person its such a shame there are too many like you in this country now , & where are the cheaper houses as well .
July 04 2012 at 7:01 AM Report abuse Permalink +1 rate up rate down ReplyWhat can you Expect, Greedy landlords and crappy wages
July 04 2012 at 6:43 AM Report abuse Permalink rate up rate down Reply
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