Research by independent fact-checking organisation Full Fact has revealed that there are 12 local authority areas in the UK where a person on the average salary would have to spend 60 per cent or more of their income to pay the average private rent.
The organisation, which selects its research as a result of public debate on key issues, has looked at average private rents as a result of a statement by Labour’s shadow secretary of state for health, Diane Abbott.
Last week Abbott, who is MP for Hackney North and Stoke Newington, said: “There are people paying astronomic rents nowadays - 60 per cent of your income on rental.”
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What shocks most tenants is that their largest expense does not count towards their credit score! Yesterday The Young Foundation in conjunction with The Big Issue launched the #makerentcount campaign to encourage tenants to rent report to Experian. This is facilitated by CreditLadder which works with tenants, landlords and agents to enable reporting at no cost.
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