Home ownership at all-time low!

With a new report from the Resolution Foundation highlighting that home ownership levels in the UK has fallen to the lowest levels since 1986, it should be a boom time for landlords.

The study showed that only 64% of the UK own their own homes, compared to the peak of 71% in 2003.

With so many of UK residents reliant on the private lettings market, it is vital that private landlords are able to keep the level of rental properties buoyant, in order to maintain the housing required to satisfy the nation’s need. However, it would seem that despite the nation’s landlords doing all they can, their tenants are not as loyal as you might hope…

Following a survey of 941 tenants, The National Landlords Association has discovered that more than 50% of tenants would consider moving to a different town or city if it gave them the option of getting out of the rental cycle and onto the property ladder.

London tenants are the most open to the ideal of relocating, with 87% happy to consider moving on if it gave them the opportunity to buy. Tenants in the East Midlands were least likely to look to move from their rental pad though, with just 14% willing to move on.