home shortage and lending rules: why generation rent is out of luck /

Published at 2015-09-02 13:44:32

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Property prices have not always risen so quickly,but inadequate current housing means puny hope of improvementTales from the frontline of Britains property market in one week alone: in Exeter, a letting agent demands £800 in fees before renting a mundane one-bed flat – and 360 just to change the name on a photocopied contract; in west London, or an estate agency chain charges 1500 to desperate buyers,as well as demanding thousands from the seller; in Leicester a hard-up couple are forced to pay £250 to a letting agent as a reservation fee before even applying for a property. Related: Unaffordable country: where can you afford to buy a house? Continue reading...

Source: theguardian.com