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Working renters ONE pay cheque away from losing home

Working renters ONE pay cheque away from losing home

Published by Emma Carton at 8:24am 19th September 2019. (Updated at 9:27am 19th September 2019)

It is being revealed that many renters who work in Cornwall are only one pay cheque away from losing their home.

Shelter claims almost half in the south-west could not afford to pay their rent for more than a month, if they lost their job.

A study by the housing charity and YouGov has found that 293,000 private renters in the region are at risk.

Worse still, it warns that a job loss would render 211,000 of these workers immediately unable to pay their rent.

Shelter says its research chimes with the government's own figures, which reveal 63% of private renting households in England have no savings at all. 

The charity reckons this is not surprising, given that they spend on average 41% of their monthly income on rent costs - making it tough for private renters to put anything aside.

It is using its latest findings to argue for more social homes as the only stable and genuinely affordable alternative to private renting for millions of people. 

Shelter is urging all parties not to side-line the housing crisis and to ensure social house-building is at the centre of any domestic agenda.  

"By allowing the number of genuinely affordable social homes to plummet, politicians have super-charged our housing emergency.  

"Tens of thousands of working people in the south-west are now caught in an endless cycle of paying grossly expensive private rents they can barely afford - with all the insecurity that brings. 

"Many are terrified that even a short-term dip in income could result in them losing their home for good. 

"Warm words and piecemeal policies will not solve this deepening crisis. 

"The only way politicians can fix what has gone so wrong is with a clear commitment from every party to deliver three million more social homes over the next 20 years".

Polly Neate, Shelter

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