Affordability issues surface again as rents rise 

 lettings sector firm claims rents are rising faster than earnings, leaving many households under financial strain. 

Landlord buyer says its analysis of official figures shows:

• The average monthly private rent in the UK is now £1,360, according to the latest figures;

• Rents have increased by 5.0% over the past 12 months;

• Tenants now spend an average of 36.3% of their income on rent – up from 34.2% the previous year;

• The average monthly private rent across the UK has reached £1,360.

LandlordBuyer’s analysis suggests that the ongoing imbalance between supply and demand, rising landlord costs, and sustained interest rate pressures are continuing to drive rental growth. 

As a result, many renters are allocating a growing share of their income to housing, leaving less for essentials, savings, and long-term financial security.

The company says these trends are also having a knock-on effect on landlords, with increasing numbers facing regulatory and financial pressures, prompting some to exit the sector. 

This reduction in supply is further intensifying competition for available properties and pushing rents higher.

This article is taken from Landlord Today