The total national rent bill is now double that of mortgage payments for the first time in history.

Savills research team have discovered that  £54billion is paid to private landlords nationally while only £26.5billion is paid in mortgage interest.

Year on year total rents paid nationally continues to rise while mortgage interest payments fall on the back of low interest rates and falling mortgaged home ownership amongst the young.

Home ownership amongst he under 35’s continues to be a large concern.