I am so very lucky to be one of the few it seems here in the UK to have a reasonable rental price on my house. The reason … it belongs to my Mum and Dad.
Way back when, with a broken relationship and even more disturbingly a broken body I was in a position that I had to sell my old house to get away from an abusive partner, it was a really horrific time for me. Made all the more horrific having to contemplate privately renting another house in a new area for an extortionate amount of rent and at that time I was a single Mum to my daughter and was off work after being in hospital.
I don’t think until that point I had ever really considered just how hard and how expensive it was to actually rent a property here in the UK.
Thankfully for me however I have been long term renting at a reasonable rate from my parents for the last 7 years and even thinking about how we could survive if we had to move into a privately rented properly just doesn’t bare thinking about.
We are so very lucky compared to so many families out that that really can’t afford to pay their rent or to live in some cases as the rent is so high
It seems that those ever climbing rental prices are finally starting to even out however as rental prices in the UK experienced their slowest growth rate of 2016 in September, according to the Homelet Rental Index, Homelet, a subsidiary of Barbon Insurance Group, said “the trend reflected a “modest decrease” in average rents in many areas of the country and could suggest the UK had reached affordability thresholds”
Which would make sense since in 2015 a record number of families were forcibly removed by bailiffs from their homes, with official figures for England and Wales showing it was as many families as 42,728 it was reported in the Guardian.
I for one am thankful that landlords are starting to take on board that people are struggling to pay the drastically inflated prices that so many charge these days. I am also angry in equal measure that so many landlords are over inflating prices knowing that the local authorise have minimal housing stock to allocate.
It’s going to unfortunately be a long way off before rental prices are more affordable to most but lets hope this trend of the prices decreasing keeps going, after all every penny does count when raising a family.
Disclaimer: This is a collaborative post