Yes

Representation ID: 8353

Received: 17/12/2021

Respondent: LUTTERWORTH TOWN COUNCIL Parish Council

Yes. Local concern exists regarding the setting of rents in “affordable” housing. Rents of “no more than 80% of the Local Market Rent” may be appropriate in some areas but does not create affordability in others. Rising house prices in areas like Lutterworth merely drive up the local market rent, and while there are plans for a further 2,750 houses which in theory should dilute the market, a very high employment area with increasing employment opportunities gives an ongoing demand for new housing. With an average letting price in Lutterworth of £806 pcm currently, even 80% is hardly affordable.