Private rents reach record high

Rent signs
Rent signs

Private rents have reached a new high despite Government efforts to make it easier for people to jump onto the housing ladder, a lettings network has reported.

Rents across England and Wales reached a record £757 a month on average in September after jumping by 1.8% month-on-month, according to LSL Property Services, which owns chains Your Move and Reeds Rains and has been monitoring rents in this way since 2008.