Halifax’s annual Generation Rent report came out today, and the main finding is how renters are becoming resigned to their fate.

There were some positives with the highest number of first time buyers for 7 years, although we are a long way off the levels of half a million seen in 2002. However, there is little improvement in how potential first time buyer view their chances – with 79% of 20-45 year olds believing that banks don’t want to lend to first time buyers and 21% believing it is virtually impossible to obtain a mortgage.