How bad are renting conditions in the south west?
Pretty bad, according to the latest report from housing charity Shelter who say local councils in the region have received 27,000 complaints about landlords in the last four years from renters. The figures suggest that 45 per cent of renters are living in bad housing which is damp, cold, dangerous or in a bad state of repair.
Shelter chief executive Campbell Robb said: “Families should never be forced to live in a place where their health and well-being is at risk, so the fact that nearly half of those renting privately in the south west are living in bad housing is shocking. Across the region, we hear from parents trapped in unsafe properties owned by landlords refusing to carry out their responsibilities, posing serious health risks to themselves and their children.
“There is some excellent work being done by some local councils in the region but we’re calling on those that have yet to sign up to our Evict Rogue Landlords campaign to join us and protect renting families.”
Meanwhile in Scotland, the Electrical Safety Council (ESC), Shelter Scotland, Citizens Advice Scotland, and the Scottish Association of Landlords, has written an open letter to Margaret Burgess MSP calling for more to be done to address the poor conditions and safety hazards experienced by those living in the private rented sector in Scotland where teh private rented sector has double in the last decade.
Renting vs Buying in London
Rents have risen fastest in south London over the past three months according to Benham & Reeves whose figures show rents in Greenwich have gone up 11% over the last 12 months and 9% in nearby Bermondsey, Southwark and the South Bank.
“Greenwich’s growth isn’t a huge surprise to us,” said Marc von Grundherr, director of Benham & Reeves Residential Lettings, “It is a beautiful part of London with great transport links to the City and Canary Wharf. Until recently, it has mainly been viewed as a part of London that is great for families but with a number of new developments being built around the Greenwich Peninsula area, younger people are now flocking to the area.”
Indeed, the latest research from London rental portal Rentonomy, suggests that the monthly costs of buying a home with the government’s new Help to Buy mortgage guarantee scheme will be significantly more expensive than renting across most of London.
The research is based on 2 bed properties and indicates that the monthly payments on standard HTB repayment mortgage terms will exceed rents in all but two of the 33 local authorities of London.
Director of Research David Butler says he does not expect the scheme to cause rents in the capital to fall. “The higher monthly cost of buying with the scheme in most of London is only part of the story. When you also factor in the high costs of actually buying a house, the ongoing maintenance and the shortage of properties currently on the market, it’s hard to foresee huge numbers of Londoners leaving the private rental market.”
Where is the X Factor house?
Apparently it’s 9a Broad Walk in Winchmore Hill, London (pictured above), according to Zoopla’s blog who reckon it’s worth north of £6 million.
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