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95% of Brits confident that they will own a property

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Written by: Christina Hoghton
14/09/2016
Despite rising property prices, the vast majority of Brits think they will be a homeowner at some point.

Most British people believe they will eventually be able to invest in their own property, according to icount.co.uk.

The current account and prepaid MasterCard provider surveyed 1,000 adults, with 95% expecting to buy a home of their own at some point during their lifetime.

Starting young

A large proportion (42%) had either bought their first home or expected to buy their first home, between the ages of 25 and 30 years old. This runs against suggestions that the majority of younger people have “given up” on the thought of owning their own property.

CEO of icount, Samuel Mond, said: “It’s fantastic to see a wealth of individuals still motivated and determined to invest in property and in their future, particularly amongst younger members of the population.”

“Of course, credit rating plays a major role in determining whether or not an individual can purchase their own property, and so it’s key for those looking to invest, to have a thorough understanding of credit ratings and how their very own could impact their chances of buying.”

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