One in three renters in Britain have put their plans to buy a home on hold and remained in rented property instead, according to a new research. <\/p>\n
Although some renters shared their frustration with renting and not being able to make the first step onto the property ladder, a significant amount of people are happy to rent for longer. <\/p>\n
Whether it\u2019s the good relationship those happy renters are enjoying or simply the flexibility that comes with rented accommodation. One third of these renters I so content to live in a rented property that they don\u2019t plan to buy a home of their own in the next five years. <\/p>\n
Approximately 25% of participants are planning to buy a property for themselves sooner rather than later with 9% currently saving to put down a deposit. The same 9% believe they will be able to buy a property within the next 18 months, and the other 16% estimate they will need between two and five years to build up the funds. <\/p>\n
Would be first timers who experienced frustration when trying to buy property are more likely to be single parents or couples with children. These tenants either doubt they would get a mortgage, have difficulty securing one or have struggled to get a deposit together to begin with. <\/p>\n
Furthermore the research revealed that 74% would like to see rental payments contribute to their credit report. 91% of people wanting to buy in the next five years recognise the importance of a good credit report and 83% would like it if rental payment data were added to it. <\/p>\n
The happiest renters tend to live alone or only with other adults and are less like than private tenants to see rent as \u201cdead money\u201d. 26% of satisfied renters disagree when asked whether renting is a waste of money, in comparison to 16% of all private renters. <\/p>\n
Source: Property Wire<\/p>\n","protected":false},"excerpt":{"rendered":"
One in three renters in Britain have put their plans to buy a home on hold and remained in rented property instead, according to a new research. Although some renters shared their frustration with renting and not being able to make the first step onto the property ladder, a significant amount of people are happy… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4814,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7,59],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/177"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=177"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4814"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}