Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Aldermore Research: Most Recent Movers Pay More Rent Than Planned
New research from specialist lender Aldermore reveals that many renters are surprised by the amount they have to pay for their homes. The study found that nearly two thirds (63%) of renters who moved property in the past year ended up paying more rent than they initially intended when securing their current home.
This finding highlights the ongoing challenges faced by tenants in the UK rental market. Letting agents and inventory clerks may wish to note the increasing financial pressures on renters, as reported by Aldermore.
Source: Landlord Today