What examples can you give of rent levels?
Take some of the ‘buy to let’ hotspots where we could make a real difference with our approach.
The table to the right gives some real examples of what the market rent would be, and what 35% of the average local income would be for up to 35% of tenants for a 3 Bed, 4Vie property.
The difference in affordability is more pronounced in some places than others, but overall produces a more genuinely affordable and secure form of renting for everyone.
Sources of market rent and average incomes:
Table 2.5 https://www.gov.uk/government/statistics/private-rental-market-statistics-may-2015
Table 8.7a http://www.ons.gov.uk/ons/rel/ashe/annual-survey-of-hours-and-earnings/2014-provisional-results/stb-ashe-statistical-bulletin-2014.html
The table to the right gives some real examples of what the market rent would be, and what 35% of the average local income would be for up to 35% of tenants for a 3 Bed, 4Vie property.
The difference in affordability is more pronounced in some places than others, but overall produces a more genuinely affordable and secure form of renting for everyone.
Sources of market rent and average incomes:
Table 2.5 https://www.gov.uk/government/statistics/private-rental-market-statistics-may-2015
Table 8.7a http://www.ons.gov.uk/ons/rel/ashe/annual-survey-of-hours-and-earnings/2014-provisional-results/stb-ashe-statistical-bulletin-2014.html