First-time renters face heightened competition | Money | guardian.co.uk
It's not just buying a first home that young people are having a problem with – first-time tenants are also finding it increasingly difficult to find a home as rents and deposits reach record highs.
More than seven people search for every room that comes on to the rental market, according to Spareroom.co.uk. This huge demand is pushing rents up, and as they climb so too does the size of the average deposit. Much of the demand for rented property is coming from would-be first-time buyers struggling to meet lenders' deposit requirements
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