Showing posts with label landlords.. Show all posts
Showing posts with label landlords.. Show all posts

Thursday, 5 July 2012

Brent's unaffordable rents - have your say

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Darren Johnson, Green Party Member of the London Assembly, has published an interactive website LINK which demonstrates the difficulty of finding a home at an affordable rent across the London boroughs.

An affordable  rent is defined as one which takes up no more than 35% of take-home pay after tax. Based on a working week of 48 hours (the maximum allowed under the Working Time Directive) spread over five days of 9.6hr shifts, you should have earned enough to pay the rent at the end of Tuesday.

In the London Borough of Brent you would have to work until the end of Wednesday on the National Minimum wage for 18-20 year olds (£4.98 an hour) to rent a room in a shared home. However, on the London Living Wage (£8.30/hr) supported by the Green Party, you could afford this by the end of Tuesday.

For an adult on the National Minimum wage needing a 2 bedroomed home, it is just not possible even if all the wages went on rent. If they were paid the London Living Wage they would not have earned enough to pay the rent until the end of Friday i.e. 'extremely unaffordable'.

Currently these unaffordable rents are topped up through housing benefit, the Local Housing Allowance, but these are now being capped and cut, making it more difficult to find affordable homes to rent when with a job and benefits.

Go to the website for more details and to feed back your views on the issue to Darren Johnson