CML: UK still aspires to own homes post-Brexit

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Most UK adults still want to be homeowners despite the Brexit vote, according to the Council of Mortgage Lenders.

The CML commissioned a YouGov poll that showed that 72 per cent of adults want to own houses in two years’ time and 80 per cent in 10 years’ time.

CML chief economist Bob Pannell says: “The British love affair with home-ownership appears to have survived Brexit.

“In a world with few certainties, this may be one worth holding on to as we navigate the uncharted waters ahead.

“While we cannot rule out the possibility that the Brexit vote may have dented the desire for home-ownership, the underlying preference for this tenure is clear.

“Indeed, the proportion of adults hoping to be home-owners in 10 years’ time remains in line with its 30-year average.”