Where can you afford to live?

Rental property

Where can you afford to live?

A new report from the Resolution Foundation, published earlier in July, has found that the cost of renting is ‘unaffordable’ for low-income families in a third of the UK.

The Home Truths report identifies 125 local authorities – 33 per cent of the 376 local authorities in Britain – that were classed as unaffordable to “less affluent working families”. Here, ‘affordable rent’ is defined as not taking up more than 35 per cent of a household’s net income.

The BBC has released a BBC housing calculator, to help families and individuals figure out where in Britain they could afford to live.

Read the full story on BBC News website.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s