South Holland has been named as one of the most unaffordable places to rent in the East Midlands.
According to a report by the National Housing Federation, South Holland is number 16 on a list of 20 areas where renters pay a high percentage of their earnings towards rent costs.
The average cost of rent for properties in South Holland is £542 a month, against the average annual earnings of £23,587, leaving people in the area spending 27.6% of their earnings on rent, making it increasingly difficult for families and those trying to save to buy their own home.
Harry Drury, director of We’ll Let Your House, said: “One resolution to this is to encourage builders to invest in to the area and build affordable housing. Having knowledge of plans for this is the near future, I believe that the situation will now slowly improve.
“It’s true that the wages to rent ratio is tight but we as an agency are responsible when letting property to low earners and ensure that correct affordability checks are carried out. That said, we are finding ourselves currently receiving expressions of interest from around 14 prospective tenants per property advertised.
“I believe the situation has changed due to the increased education offered by the local authority on Houses in Multiple Occupation and we have noticed the reduction in private landlords asking us to rent properties by the room but instead to families which, in turn, has reduced the number of smaller units available at a lower rent. I believe that the positive outcome as a result of this is the increase in standards of rented accommodation and a better quality of living for tenants and their neighbours.”
A spokesperson for South Holland District Council said: “As a council one of our aims is to increase housing supply to meet demand and we currently have plans to build more private rent and affordable housing.
“We also offer advice and help to people experiencing affordable issues through our housing advice team.”