Zoopla explains analysis

According to the property portal Zopla, the monthly cost of renting a house has increased to £ 221 in three years.

The BBC has heard how pressure has inspired some tenants to make decisions on jobs based on rent in the area, and parents who are helping their older children, who are living costs.

The growth is similar to specific growth in monthly mortgage repayment for homeowners.

However, Zopla says that the rate of increase in fares has slowed down, especially in cities.

The cost of renting in recent years has increased rapidly due to high demand from tenants. At the same time, the number of hired properties on rent has either fallen or failed to keep pace with demand.

Analysis by Zopla shared with the BBC suggests that the fare for new tenants is 21%, or usually £ 221 per month, is more expensive than three years ago.

The average monthly fare in this spring was £ 1,283, showing figures.

Some tenants are to move or close jobs due to high fare.

Nesa Killen now works in the music theater after studying at Dublin. She wanted to accept a job in a school in the city, but said that wages did not cover the rent.

“This was the first time I had to reject a good opportunity,” he said.

After going to the north of England, he has faced similar pressures.

He said, “I am capable of doing a fringe show, but now I am looking to go somewhere else because in real I will not be able to rent, and this is the second time when this would have happened to me and I am 26 years old,” he said.

A mam, called Karen, contacted us Your voice, your BBC news To explain how his son – a father – she needed financial help from her and her husband.

His son is a graduate with a good job, but required his help because the fare was so high. However, he said that his own plan to retire means that it was not a permanent solution.

Lucian Cook, head of residential research at Estate Agency Civils, said that more parents were working as guarantees when the tenants were agreed. He said that high fare growth period meant that it was unavoidable that parents were helping to pay rent on informal grounds.

From Hampton, Anisha Beverj said that many youths were leaving the family much later in life in recent years because due to rent.

The more encouraging news for rentals is that Zoopla data shows that the growth of the fare has slowed down, or even in some areas reversed – especially in cities.

According to the latest report by Zopla, the annual growth in the average fares for new tenants in the UK has slowed down by 6.4% last year, in the year 2.8% in April to April.

Leeds, Dundi and parts of London have fallen compared to a year ago.

However, they grow quite rapidly in more affordable areas adjacent to large cities.

Vigan, Carlisle, Motherwell, Chester and Blackburn have all seen an increase in annual fares of 8% or more.

Over the last three years, the owners of the house faced a lot of mortgage rates, and generally saw their monthly repayment on an increase in a new fixed deal of £ 218 compared to three years ago.

Although growth is very similar for tenants and homeowners, Richard Donnel, executive director of Zopla’s research, said the owners of the property have large houses.

He was more likely to have two to four bedroom houses, while tenants were often small and lived in one to three-bedroom house. Horticulture holders were also likely to reduce their debt with each payment.

While rent and hostage repayments were growing rapidly, Zopla said the prices of the house were relatively stable.

They increased by 4% over a period of one three years.

Generally it will be a boost for buyers for the first time, eager to look at the prices of the house, instead of getting out of access.

However, increasing fare and deposit demands means that financial pressure can still be difficult to manage, before a mortgage needs to be paid.

Nesa said, “I don’t know anyone who expects to be able to buy a house, it’s not just anything we talk about.”

The government has announced a permanent expansion for the Horticulture Guarantee Scheme, making it to ensure that low-sub-depot hostage is available to buyers for the first time.

The city’s regulator, the Financial Conduct Authority has confirmed plans for simple rules around the mortgage.

There is also a plan to allow people to show evidence of payment of rent as part of the lenders’ ability investigations.

It will be welcomed by another stretched tenant, Stephania Calhoun.

The 41 -year -old said, “I am not looking for an extraordinary house, I am not wanting to be above my means, I just want a comfortable house and want to invest in something that is mine and leaves a legacy for children.”

However, tenants may not have any intention of purchasing, and Mr. Donnel said that he also needs support.

He said, “The ownership of the house remains out of access to a large proportion of houses on minimal income with small deposits,” he said.

“It is a large and important group of private tenants, which still face strong competition for rent assets. Low -income people are limited to their ability to move the house, which trigger high fare costs.

“Policy makers need to prioritize measures to increase the supply of inexpensive rented houses to promote the choice for low -income tenants.”