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Rental market grows despite Govt schemes

POSTED: 20th November 2013
IN: Newsroom
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Demand for private rental accommodation is up 7.4% compared to October 2012 according to the latest LSL buy-to-let index, showing that Government schemes such as Help to Buy are not adversely impacting the rented sector.

The index shows that average rents are at record levels - rising 1.9% year on year - while arrears are at their lowest since 2008.

Commenting on the index, Charles Haresnape, Managing Director, Residential Mortgages, Aldermore Bank says:

"Despite the initial success of government schemes to help the purchase market, the private rental sector goes from strength to strength. Increased confidence to form new households will benefit both the purchase and rental markets in 2014."

 
**Ends**

For further information journalists can contact:

Nicola York
Nicola.York@cicero-group.com
Office: 0207 297 5965
Mobile: 07841 864 107
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

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