A new survey finds that the average rent price in Britain is at its highest peak for two years.  The average monthly rent cost has been steadily rising for the past seven months, as landlords seek debt relief from their own debt problems.

The report from LSL Property Services, suggests that supply and demand pressures have left the average cost of rent at £686.

As rent costs increase, consumer belts tighten accordingly as already stretched finances are given further tension.  As landlords themselves are faced with financial difficulties and pass these on to their clients and with a shortly arriving VAT increase, it can be predicted that the short-term future for those renting property will be only more difficult as time goes on.

David Newnes, estates agency managing director of the LSL said: "Rents are jumping up as more and more potential home buyers opt to rent,"

"People are wary of a crash in house prices and concerned over the effect of government cuts on their own ability to meet long-term financial commitments. Additionally, many can not get a mortgage at an affordable rate.

"Furthermore, the huge number of reluctant landlords we saw renting out property last year have now had the opportunity to bank their gains and sell up."

It is the south-east of England that has seen the highest rice in rent prices, at around 2.8%; however in the West Midlands, average prices have dropped by 1.5%.

If you are concerned about how you will come to manage these kinds of essential outgoings, perhaps due to previous debts already reducing how much cash you are have available for your monthly bills, know that help is at-hand.  Take action today and contact Escape Debt for expert consumer debt assistance and professional debt relief solutions.