Finding the balance
We hope not to become a nation of renters, but our latest census data confirms we need to pull the blinds up and face facts. Although home ownership increased by 5% in the past decade, the number of rented houses was up by 25%. That’s 625,900 households that, depending on circumstances, may feel vulnerable about the roof over their heads. The Government’s new plans to improve security for tenants are overdue, given the increasing shortage and expense of rentals. This can take a terrible social toll, especially on children forced to change schools as families repeatedly move. Construction cannot keep up with demand, and some landlords are able to charge seemingly at will. Landlords will in future be able to raise rents only once a year rather than twice, and the obnoxious practice…