Private rents have reached a new high, according to research by lettings network LSL Property Services.
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, which owns chains Your Move and Reeds Rains.
The announcement comes despite moves by the Government to ease first time buyers’ jump onto the housing ladder.
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The company said its role was not to decide what was or was not compliant with local building regulations.