Greeny News

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.

Nicky Chambers, a lettings manager at estate agent Douglas & Gordon, adds that there are certain criteria a guarantor must meet. "They have to be a UK homeowner, earn at least £35,000, and must pass the necessary credit reference checks," she says.

Case study: 'whoever bids highest wins'