The rental crisis - no end in sight?
The News Agents
Global
4.1 • 5.4K Ratings
🗓️ 26 April 2023
⏱️ 47 minutes
🧾️ Download transcript
Summary
The renting crisis in Britain is unsustainable.
More than sixty percent of private renters faced a rent rise last year - and they're already spending around 32 percent of their income on housing.
Today on The News Agents we hear from those who are struggling to even get on the rental ladder - properties are massively over subscribed. Some tenants are putting down payments on flats they haven't even seen. Others are seeing deposits withheld and are blamed (and charged) for the disrepairs their landlords should have fixed.
We hear from tenants, a landlord, an estate agent and someone who's been analyisng the housing market for a decade.
And we bring you the latest blows from PMQs.
You can watch our episodes in full at https://global-player.onelink.me/Br0x/Videos
The News Agents is a Global Player Original and a Persephonica Production.
Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:08.1 | This is a global player original podcast. |
| 0:11.8 | On the newsagents today, we're going to talk about renting and renters |
| 0:15.4 | and how impossibly difficult it is becoming, particularly for young people, for young workers, to find |
| 0:23.8 | somewhere, particularly in London, that they can just afford to live. Today we're going to be |
| 0:30.5 | hearing from a number of newsagents' listeners who got in contact with us to share some of their |
| 0:36.0 | stories. And they're pretty grim. This is just one of them. |
| 0:39.3 | There was a leak from the flat above us and the water kept coming through the light fitting in our |
| 0:43.9 | bathroom. We reported this but nothing happened. Our landlord did not appear to be motivated to get |
| 0:49.9 | it fixed and eventually the ceiling in the bathroom came down. We kept complaining but it was down to |
| 0:55.1 | the local council to get it fixed. The local council just did nothing. We were constantly getting |
| 1:00.4 | mosquitoes in the flat because they were breeding in the horrible damp and we lived with that |
| 1:05.7 | for over a year. We've talked about the affordability crisis, how people can no longer get a foot on the housing ladder. |
| 1:14.3 | It's all become too expensive. |
| 1:16.7 | But this isn't about buying. |
| 1:18.2 | This is about renting. |
| 1:20.1 | And even there, even with stories like that, there is still a crisis of affordability |
| 1:26.8 | because the cost of rent has gone soaring |
| 1:30.7 | and the service that many people are receiving has plummeted. |
| 1:36.6 | Welcome to the newsagents. |
| 1:41.4 | The Newsagents. |
| 1:43.5 | It's John. It's John. |
... |
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