Six in ten renters fear they will never own a home: HOA

Eight out of ten renters would like to buy a home, but six out of ten believe they will never do so, a survey by HomeOwners Alliance has found.

For 91 per cent of aspiring first-time buyers, the ability to get on the property ladder is a serious problem, according to the research conducted by YouGov.

Four out of 10 tenants have faced difficulty getting their landlord to carry out repairs or maintenance and the same number say they have lived in cold or damp properties.

Despite so many tenants fearing they would never become home owners, many do not feel that shared ownership is an appealing alternative.

Only 46 per cent feel part-own part-rent schemes are a good idea.

Those against cited high charges and complexity as reasons for avoiding shared ownership.

Among all UK adults surveyed, three quarters of respondents say the availability of housing is a serious problem and nearly two thirds are worried about the quality of the homes that are being built.

Concerns about the leasehold system have been rising steeply with 60 per cent of respondents now saying it is a serious problem compared to 42 per cent in 2015.

HomeOwners Alliance chief executive Paula Higgins says: “Problems in our housing market have reached a crisis level and government needs to rethink its approach by thinking more holistically and  longer-term. 

“We crave a stable functioning housing market that delivers for everyone – from those struggling to get on to the ladder to those who find themselves at the whim of the leasehold system. 

“Our annual survey shows more first time buyers than ever before reporting their struggle to get on the ladder, demonstrating how government and industry is failing a whole generation. 

“Our survey shows that although we are building more, we are not building better – concerns about the quality of our homes are our top housing concern.”

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