Tenants need £23k salary
Tenants will have to earn an average salary of £23,100 to meet the government’s new ‘affordable’ rent, research by Hometrack has revealed.
The consultancy also found huge variations in the average income tenants will need to afford a home under the new regime - from £44,500 in London to £16,000 in the north east.
Average income required for affordable rent
|Yorkshire / Humber||£16,800|