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Rents jump as house loans are hard to access
UK RENTS rose last month, in a rare January increase, as mortgages remained hard to come by, according to LSL Property Services’ buy-to-let index, out yesterday.
Last month’s rise came in at 0.1 per cent, taking average rents in England and Wales to £712 per month.
“Mortgage transactions remain at almost half their historic levels, and the increasing dependency on rental accommodation will drive further rent rises over the long-term,” said LSL boss David Newnes.