More than half of renters aged 25 to 44 ‘had expected to be homeowners by now’

More than half of renters aged 25 to 44 ‘had expected to be homeowners by now’

A lack of job security is a rising issue as a barrier to homeownership, according to research commissioned by the Building Societies Association.

Nearly half of renters expected to own a home but cite affordability challenges, BSA says

The post Nearly half of renters expected to own a home but cite affordability challenges, BSA says appeared first on Mortgage Solutions.

43% of renters are yet to achieve homeownership, despite expectations

43% of renters thought they would own a home by now but have not managed to take the first step onto the property ladder , research from the Building Societies Association (BSA) found. Among renters aged 25 to 44, this jumped to 59%. About a third (31%) of 25 to 44 year olds believed they could buy within the next five years. A similar proportion (33%) revealed that they wanted to buy, but did not think they would ever achieve it. The research s…