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    £400 pw will cover repayment on a £300,000 mortgage at 4%.

    Three of my four children, who all live in London, are in private rented accommodation, two of them in multi-occupancy student lets partially funded by bank of mum & dad. In one case there are 4 students paying £500/month (£2,000) total in the other five students (total £2500).

    The fact that Housing Benefit is so high has caused a boom in 'buy to let' which has lead to a load of chancers getting rich on yours and my taxes, inflated house prices and unrealistic rents.

    This is not market forces but a bloody rip-off. It's Perec (Peter) Rachman all over again.

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