The latest figures released by Canopy reveal that the average UK tenant spent over a third of the year’s take-home salary on rent – yet this is much higher in some areas.

Average rents grew 9.1% in the 12 months to November, the latest figures from the Office for National Statistics (ONS) have shown - up from 8.7% in the 12 months to October.

Alongside an increase in tuition fees, students are also having to fork out huge sums to live in close proximity to their universities.

Renters are increasingly searching the web for the effects of rent arrears, indicating that more are worrying about not being able to afford their repayments.

New research from Barclays has found that recent changes to stamp duty are causing concerns for next-time buyers.

England’s rental market cooled further in November, with average rents down 3% during the month and the pace of year-on-year increases falling to a new annual low.

One area of Britain has seen average rents increase by just over 30% in the last year alone.

With 26 million spare rooms in the UK, flatshare website SpaeRoom argues that if just 1% of them were rented to lodgers, the average rent could be reversed by 7 years.

UK Finance stats show there were 13,000 buy-to-let mortgages in arrears of 2.5% or more of the outstanding balance in Q3 - up from 11,540 a year ago.

Confidence in the UK Housing Market remains high as consumers report feeling more positive about their ability to afford rent or mortgage payments despite rising costs.