25 Feb

More families opt for houses to rent in the UK

More families opt for houses to rent in the UK

The number of households who live in property to rent in the UK has grown by one million since 2005-6, according to a government report.

Privately rented homes in the UK now account for 15.6 per cent of all households in England, according to the English Housing Report, publishes yesterday by the Department for Communities and Local Government (CLG).

In addition, privately rented homes have become more energy efficient since 2008.

The report has revealed that there are 3.4 million houses to rent in the private rented sector (PRS).

Paragon Mortgages says the report confirmed the demand for property to rent in the UK.

Paragon's Nigel Terrington says: "The CLG's figures highlight the growing number of people relying on the private rented sector to provide their housing needs.

"It is crucial that adequate levels of buy-to-let mortgage finance are available to enable landlords to expand the number of properties in the PRS."ADNFCR-1222-ID-800429362-ADNFCR

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