You are here: Home - Uncategorized -

Renters cannot buy

0
Written by:
16/01/2006

A quarter of married couples are finding it hard to get on the housing ladder because it is too expensive, according to new research by Alliance & Leicester.

The study shows that 1 in 4 (25%) married renters would like to get on to the housing ladder, but cannot afford to make the move from renter to homeowner. Only 1 in 10 (13%) of married renters are in a position to buy their first home compared with 6% of singletons who rent.

Singletons are also finding it hard to get on the housing ladder with 26% unable to afford to buy a home. They are most likely to be renters in Britain (40%) with only 1 in 5 owning their own home (20%), and over a third (37%) preferring to live at home with their parents instead.

Stephen Leonard Director of Mortgages at Alliance & Leicester said: “A new year signals new hopes and dreams for prospective homebuyers. The Christmas period is traditionally slow for the housing market however this picks up again after the festive lull. The housing market continues to be buoyant so those who are looking to buy or move house should not lose hope.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Consumers lose millions in bank charges

The bank accounts of UK consumers suffered losses to the tune of £553m in 2005, resulting in calls for people...

Close