Average tenant pays £296k in rent

The average home owner rents for seven years before purchasing their first property, costing them £41,900 on rental payments according to research from Santander Mortgages - 'no bias then'.

The mortgage lender also concludes that based on an average rent of £474 per tenant, per month, those individuals who rent for their lifetime will end up spending a total of £296,000 on rent.

It's worth landlord's remembering - a happy tenant is a valuable long term asset.

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