Saturday, October 24, 2020
Landlords

Thousands of Northumberland’s cheapest rental homes could be lost

Experts believe more than 2,500 of Northumberland’s cheapest rental homes could be lost between 2012 and 2020.

And one property campaigner believes this is ‘yet more evidence of the burning need to give renters a better deal’.

Government figures released earlier this month showed that the total number of affordable homes available at social rent in the UK fell by more than 120,000 between 2012 and 2016.

Forecasters at the Chartered Institute of Housing (CIH) predict that this will rise to 250,000 by 2020 – an overall drop of 10 per cent.

If these figures were replicated across the North East, it would leave 25,951 fewer of the cheapest rental homes in the region and 2,584 in Northumberland.

Important:
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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