Vast majority of people who rent are locked out of home ownership through a lack of income and savings, says Equality TrustNine out of 10 people renting property in Britain cannot scrape together enough savings to cover even a quarter of the deposit needed to buy the average first home, according to research. The analysis by the Equality Trust charity found that 86% of renters – who make up about 6m households – have less than the £8,838 needed for a 5% deposit on the average home. Continue reading…
Source : theguardian.com
Read more…Nine in 10 renters do not have the savings for 5% home deposit – study
