First-Time Buyers Now Spend £163,000 on Rent Before Buying – Why This Matters to Homeowners and Landlords

New figures have revealed that first-time buyers are now paying an eye-watering £163,047 on rent before they are able to purchase their first home. This represents a 40 per cent increase in a decade, according to research from specialist mortgage lender Perenna1. Back in 2015, renters typically spent £116,427 before buying. Today, they are parting […]