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UK: One million pensioners set to be trapped in rental homes within 20 years

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The number of pensioners renting a home looks set to triple to nearly one million by 2035.

The group said the huge increase in older renters was being driven by the difficulties people faced getting mortgages with terms that go beyond their working life.

Housing affordability is one of the key factors driving the rise in the number of people who will never own their own home.

The fact that house prices have risen faster than wages for several years has left many people unable to get on to the property ladder, either because they cannot save a big enough deposit or they are unable to borrow the income multiples need.