‘Rental affordability remains a burning issue and one that will continue to plague the market having been greatly exacerbated by the arrival of COVID-19.
We’ve seen tenants across the UK squeezed in recent years where the cost of living is concerned as wage growth has failed to keep pace with ever-increasing rental costs.
However, this will have become a much bigger issue for those that now find themselves on restricted income or recently unemployed, with the cost of renting now hitting an all-time high.
The extended eviction ban will do little to comfort those with an eye on their long-term future within the rental sector. It is likely we will see a lengthy backlog of evictions over the coming months as more and more tenants struggle financially.
While tough, the best advice for tenants currently is to reduce their outgoings where possible, continue to maintain rental payments where they can and keep communication frequent and open with their landlord.’
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