Figures obtained by The Guardian have shown that rents have
doubled in just over a decade, and a lifetime renting is now considered to more
than double a lifetime with a mortgage. The current sum paid in rents yearly
has reshaped the property market entirely, and has shown that home ownership
statistics have actually gone into reverse from 2006.
Part of the reason behind
this is that social housing is packed to the rafters and unavailable, and home
ownership via mortgage is considered impossible by most of the populace due to
steep deposit requirements, as well as other factors including inflation and the
austerity which has been longstanding for over a decade.
Social landlords such as Cartrefi Conwy are combatting this
sad state of affairs by partnering with construction Gwynedd firms such as
Brenig Construction in order to create housing which is set at affordable rents
for local people. Affordable rents are a certain percentage below the average
in the area, and are a good way for people to afford the homes they’re in,
without paying extortionate private rental fees or being turned down for
mortgages they can’t qualify for.
It is estimated that typical private tenants pay rent of £192
per week to their landlords, compared to £102 for tenants on affordable rents
or in social housing. In cities such as London, Manchester and Liverpool the
figure is even worse – In London, private rents are around £309 per week, and
affordable lets are charged at £132. Affordable lets are solely unavailable
throughout the country due to the expense of private lets meaning that very
many people simply cannot afford a place to call their own, so private renting
has turned into the most common – if not the only - way people can attain their
fundamental right of adequate housing.
The British housing crisis is very much one of the country’s
own making through years of underdevelopment in its own infrastructure, and it
seems that the ones benefiting from this truly saddening state of affairs to
very many people across the UK is buy-to-let investors which privately let
their investments. Social landlords such as Cartrefi Conwy are the key to
making the system much more fair for many people all across the country.
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