Tag: home ownership

Tenants pay £200,000 more for housing than home owners

Tenants pay £200,000 more for housing than home owners

Over a lifetime, a tenant will pay nearly £200,000 more for their accommodation than a homeowner, Barclays suggests in a new study. Over a fifty-year period it costs an average of £429,000 to purchase a property through a mortgage and to maintain it, the study says, while renting a home for fifty years would cost [...]

June 21, 2012 | 0 Comments More
80% aspire to own their home

80% aspire to own their home

Although house sales have plummeted in the past five years, most people still hope to own their own home in the future. Eight out of 10 people surveyed by the Council of Mortgage Lenders (CML) said they hoped to own their own home by 2022, while three quarters said they hoped to achieve this ambition [...]

June 14, 2012 | 0 Comments More
Couples chosing children over home ownership

Couples chosing children over home ownership

The old saying ‘An Englishman’s home is his castle’, may still hold true but difficult economic conditions are causing young couples to make some tough choices according to research by Churchill Home Insurance. The nationwide survey found that 28 per cent of young couples in the UK are having to postpone buying a house in [...]

November 9, 2011 | 0 Comments More
UK housing market in “crisis”

UK housing market in “crisis”

According to a new report by the National Housing Federation (NHF), the UK housing market is in “crisis” as private rents continue to surge and owner-occupier rates fall. The study suggests that home ownership will decline to around 64% by 2021 – the lowest level since the mid-1980s – as an entire generation is unable [...]

August 30, 2011 | 1 Comment More
Survey reveals first-time buyer fears

Survey reveals first-time buyer fears

A survey by the Halifax has revealed many first-time buyers fear they will not be able to get on the property ladder. The survey of 4,000 non-homeowners found two-thirds believe home ownership is unattainable. Stricter lending criteria, which has resulted in lenders demanding large deposits, is deterring many would-be homebuyers, according to the survey. Almost [...]

May 31, 2011 | 0 Comments More
Confidence in UK housing market slips

Confidence in UK housing market slips

Less than half of those contributing to the Building Societies Association’s (BSA) June Property Tracker survey think that now is a good time to buy a home. The confidence level slipped to 45%, down from 49% in March, possibly reflecting concerns about the state of the economy and the various austerity warnings issued by the [...]

June 16, 2010 | 0 Comments More
Home ownership loses pulling power

Home ownership loses pulling power

New research from the Chartered Institute of Housing (CIH) shows how the recession and credit crisis are affecting the British obsession with property ownership. According to the CIH, which represents public and private sector bodies involved in housing and communities, young people who have seen once out-of-reach house prices tumble, are particularly disillusioned. In a [...]

June 15, 2009 | 0 Comments More
Home ownership no longer a pension option

Home ownership no longer a pension option

Friends Provident is urging homeowners to review their plans for financing retirement, if they have been banking on raising cash from property to provide a nest egg at the end of their working lives. The firm’s head of pensions, Jeremy Ward, warns that if house prices continue to fall, people could find themselves in serious [...]

July 22, 2008 | 0 Comments More