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South West bucks trend as rental rates fall

Rental rates in the South West have fallen this year Credit: John Giles/PA Wire

Whilst rent in the private housing sector reached another new high last month, the South West has bucked the trend, with rates dropping by 1.5% annually.

Demand for rental homes has rocketed in the last year as people struggle to get on the property ladder because they cannot raise a deposit or meet lenders' toughened borrowing criteria.

Although rents increased by 3.2% nationally to an average of £741pcm, rates in the South West fell to an average of £638.

The findings come a day after the Money Advice Trust announced that a record 12,000 tenants were struggling with arrears had contacted its national debtline this year - the biggest number in its 26-year history.



Olympics fail to give boost to businesses in Weymouth and Portland

It's been a good day for team GB on the water off Weymouth and Portland today [Thursday] but some businesses there say the Olympics haven't given them the boost they'd hoped for.

This time last year one hotel was advertising rooms for between £163 and £300.Today, it's only charging half that. Rachel Hepworth reports.

Ilfracombe named the UK's first 'courteous town'

A town in north Devon has been named as the UK’s first 'courteous town'. More than a hundred businesses in Ilfracombe took part in a new programme that recognises traders for their politeness.

The town’s success means the pilot could be rolled out to other areas keen to take part. Ann Widdecombe presented the Ilfracombe’s mayor with an award from the National Campaign for Courtesy recognising the town’s achievement.

Ilfracombe has been named the country's first 'courteous town' Credit: ITV Westcountry
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