As the mortgage market continues to be a challenge for some, the UK rental market appears to be thriving, attracting more and more prospective tenants. But once the mortgage has been granted and the rental lease secured, which group is better off, buyers or tenants? Estate agency organisation, Home Sale Network surveyed their members to find out.

When asked who pays more per month, the tenant renting a property or the buyer paying a mortgage, nearly three quarters of Home Sale Network survey respondents indicated that it was the tenant. A further 60% stated that the gap between monthly mortgage and monthly rental payments is the biggest it has ever been, with rental rates being higher.