Renters lose £169m in deposit interest every year – Claim Generation Rent
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Private renters across England and Wales are being deprived of £169 million in potential interest from their tenancy deposits each year, Generation Rent says.
It says that with £5.37 billion in deposits held in government-accredited schemes generate just £17 million in benefits annually under the current system.
View Full Article: Renters lose £169m in deposit interest every year – Claim Generation Rent
Tenants face becoming ‘lifetime renters’
Around 2.2 million would-be first-time buyers have been locked out of the property market since 2006, research reveals.
According to the Building Societies Association (BSA), there’s a growing crisis for renters, particularly those aged 25-44.
The BSA found that 59% of those tenants said they expected to own a home by now but remain stuck in rented accommodation.
View Full Article: Tenants face becoming ‘lifetime renters’
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