Coronavirus: Renters struggle most with pandemic costs, report says Katy Austin – Business correspondent To let signs More Private renters are more likely to be struggling with payments than those who own their homes, new research by the Resolution Foundation suggests. The think tank concludes one in eight private renters have fallen behind with housing costs since the coronavirus crisis began, compared to one in 12 mortgaged home owners. […] “They had lower levels of savings for example, and they spent considerably more of their income on housing costs in the first place. It’s also fair to say home owners have been more successful at directly reducing their housing costs, so we’ve seen many more home owners issued a mortgage holiday than renters are being given reductions in rent.” […] Its principal policy manager Joe Lane warned renters are now facing a countdown to the end of protection from eviction. […] Advice for struggling tenants Citizens Advice said people who are struggling to pay their rent should get in touch with their landlord and try to negotiate a reduction.
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