According to a survey carried out by GoCompare Mortgages, some 11 per cent of people who live in rented accommodation at the moment said they were doing so because of the fact they were not able to obtain a mortgage to get themselves a property.
And when it comes to trying to get onto the ladder in the future, as many as 31 per cent of tenants said they feel like they will never be able to raise the required funds to allow them to afford to do so.
"Our research reveals that half of all tenants are in rental accommodation because they can’t afford to buy their own home. It now looks like many have given up all hope of ever owning a home and, for some, the changes to buy to let regulations are likely to make renting more expensive. In turn, that makes saving for a mortgage even harder," said Matt Sanders from GoCompare Mortgages.