Rents rise an average £50 every month for last two years

Damian Wilson

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It's common knowledge that first-time buyers in the South East have a hard time getting a foot on that all-important first rung of the property ladder but if things keep escalating at the rate they are pretty soon they won't even be able to afford to rent a home.

According to the lettings specialists, LSL, the average rent has been going up by £50 a month every month over the last two years.

For those who have no option other than to pay rent, this is a serious dent in their income. What other outlay is rising at such a rate?