05/22/2024 | Press release | Distributed by Public on 05/22/2024 03:10
22 May 2024
New ONS figures out today reveal that average UK private rents increased by 8.9% in the 12 months to April 2024. StepChange Debt Charity says this will create more worry among private renters as the Renters (Reform) Bill, currently making its way through the House of Lords, does not address rising affordability concerns.
The ONS data comes as StepChange releases new polling, commissioned through YouGov, showing:
Alongside an end to Section 21 'no fault' evictions, StepChange would like to see the Bill strengthened with measures to support Private Rented Sector (PRS) tenants to stay in their homes if they are struggling financially.
Peter Tutton, Head of Policy, Public Affairs and Research at StepChange, says:
"We've reached a point where renting in the PRS is increasingly unaffordable, yet the growing scarcity of social housing means that more and more financially or otherwise vulnerable people have no choice but to do so.
"Sky-high rents and wider cost of living pressures mean millions of private renters are scraping by or relying on credit to pay their rent. Even with the Renters (Reform) Bill currently in the Lords, PRS tenants are given no effective statutory protection from eviction if they do fall into problem debt.
"While it's important that this Bill is progressed with a clear timeline of when Section 21 will end, we'd like to see changes that would increase security for private renters, with protections from eviction that mirror those which already exist for mortgagors and social housing tenants. In the long term, we need to see a commitment to making housing more affordable and a clearer plan from government to reduce the risk of financially vulnerable PRS tenants losing their home because of rent arrears."
Notes to Editors