Laura Sharman 26 November 2019

Private renters overspending £11bn a year on rent

Private renters in England are spending £11bn more a year on rent than they can afford, new research has shown.

Using the measure that rent should not cost more than 30% of household income, Shelter found that households are overspending £425 a month on rent on average.

According to the research, private rents account for 41% of incomes on average, forcing 2.2 million households to spend beyond their means.

A survey for the charity found a quarter (24%) of parents have borrowed from friends or family over the last year to pay their rent, while 23% have relied on a credit card.

Polly Neate, chief executive of Shelter, said: ‘Hugely unaffordable rents are dominating daily life for millions of people, forcing them to rely on costly credit cards or borrow what they can from family and friends. Our services see the real cost of private renting, which is leaving parents struggling to put food on the table or turn the heating on, while also keeping a roof over their children’s heads.

'When someone is forced to spend hundreds more than they can afford on rent each month, it’s clear that private renting isn’t working for everyone.’

Shelter has joined forces with other charities to call on the next government to provide at least 90,000 social homes a year over the next parliament.

SIGN UP
For your free daily news bulletin
Highways jobs

Director of Social Work and Social Care

Trafford Council
£100,731 to £104,625
You will join a values-driven senior leadership team, providing visible and responsive leadership. Manchester
Recuriter: Trafford Council

Housing Ombudsman

Housing Ombudsman Service
£130,095 per annum, negotiable based on experience.
The Housing Ombudsman Service allows colleagues to choose if they wish to work in the London office, from home or a hybrid of the two London (Greater)
Recuriter: Housing Ombudsman Service

SEND Engagement Facilitator

Essex County Council
£25821.00 - £30377.00 per annum
SEND Engagement FacilitatorFixed Term, Full Time£25,821 to £30,377 per annumLocation
Recuriter: Essex County Council

Senior Key Worker - Young Carers

Essex County Council
£25821.00 - £30377.00 per annum
Senior Key Worker - Young CarersPermanent, Full Time£25,821 to £30,377 per annumLocation
Recuriter: Essex County Council

CIPFA Trainee

Oxfordshire County Council
£31537 - £40777
You’re eager to build a career in public finance and committed to completing the CIPFA Level 7 Apprenticeship. You meet the eligibility criteria (including being under 22 years of age before studies commence, based on central government funding criteria Oxford
Recuriter: Oxfordshire County Council
Linkedin Banner