Nearly one third of tenants believe they will never own their own home
A new study has found that nearly a third (31%) of UK tenants cannot imagine ever owning their own home. The same study also found that 21% are also worried about rent rises as a result of the removal of mortgage interest tax relief on buy-to-let properties.
The research report from CoCompare Mortgages found out that affordability and access to mortgage loans were the key reasons why many people rent, with only 14% of those renting doing so out of preference.
Full story available from PropertyWire: http://www.propertywire.com/news/uk/almost-third-uk-tenants-feel-will-never-home/