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Just one in 20 Millennials have achieved their teenage ambitions
A poll found 61% of nonowners feel they have done everything needed to buy a home, but rising costs and rents still hold them back.
- A poll of 1,000 adults aged 28 to 43 found 26 per cent are yet to reach homeownership, with 68 per cent of those renting and 23 per cent still living with family.
- Rising costs of living and unexpected life events hinder progress, with 38 per cent of Millennials citing financial pressures and 28 per cent pointing to life disruptions as main reasons for falling short.
- Research indicates 61 per cent of Millennials feel they have done everything required to buy a home, yet 50 per cent believe they face greater challenges than older generations achieving major life goals.
- Skipton Building Society's Track Record Mortgage allows renters to use rental payment history to access a 100 per cent mortgage, while the Renters' Rights Act coming into force on May 1 promises greater stability.
- Jen Lloyd, head of mortgage products at Skipton Building Society, noted that 56 per cent of potential buyers are unaware of flexible mortgage options, though the market aims to help renters turn ambition into action.
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47 Articles
47 Articles
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Coverage Details
Total News Sources47
Leaning Left1Leaning Right0Center37Last UpdatedBias Distribution97% Center
Bias Distribution
- 97% of the sources are Center
97% Center
C 97%
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