UK first-time buyers 'spend more than £50,000 on rent'

Arla report reveals that those buying their first home in 2016 will have paid an average of £52,900 in rentPeople who buy their first home in England in 2016 will have spent more than £50,000 on rent since moving out of their family home, a report by letting agents has found.Figures from the Association of Residential Letting Agents (Arla) show that UK tenants spent an average of 22% of their wages on rent last year, and that buyers getting on the ladder this year will have previousl