Private rented sector called a “ticking time bomb” as survey suggests tenants’ finances are close to breaking


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The co-founder of a property listings website claims the UK’s private rented sector is a “ticking time bomb”, with tenants’ ability to absorb rent increases at breaking point.

Consistent rent rises in the UK housing market have put immense financial pressure on tenants, with renters in popular areas such as London now shelling out over two thirds of their average income on rent.

However, despite tenants’ budgets already being stretched to the limit, they now face even further price rises as droves of Buy To Let landlords pass on the costs of tax changes and new Government legislation in the form of rent rises.

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