Rents across England and Wales stalled in June for the first time in at least six years as more people decided to buy their own homes, a lettings network says.
Letting agents' fees are now "truly out of control" and tenants are having to go without food or turn off heating to cover their costs, a housing and homelessness charity has warned.
Private rents in England and Wales fell slightly for the fourth month in a row in February, as a more vibrant sales market eased some of the strain on housing, a lettings network says.
Tenants facing soaring rents are resorting to drastic measures such as using payday loans and dipping into their children's savings just to hang on to their homes, a charity warned today.
Late rent payments could appear on your credit file in the coming months, which could harm your chances of getting a mortgage, loan, credit card or tenancy agreement.
Nearly two-thirds of landlords are planning a rent freeze in 2013, showing signs that rents are reaching their limits of affordability, a study said today.
A clampdown on the lettings sector is needed to stop rogue agents turning it into "the property industry's Wild West", the Royal Institution of Chartered Surveyors (Rics) warns today.
22 November 2012
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