First-Time Buyers' '£50,000 Rent Bill'

First-time buyers in England who buy a house this year will already have spent an average of £52,900 on rent, research for a landlords' trade body suggests. The cost will add up to £64,400, by the time they buy a home, for those starting to rent now, the Association of Residential Lettings Agents said. Arla said the research also revealed wide regional variations. Demand for properties meant the cost was higher in London and the South East of England. Download the “Cost of Renting” report from the ARLA website.