11:21 AM, 23rd October 2015, About 6 years ago 1
Shelter have commissioned a YouGov poll of 3800 private tenants which has shown that 48% that would like to purchase a property are unable to save anything towards a deposit. Throughout the whole country this is the the equivalent of 3.2 million people and a further 25% of tenants can only save £100 or less per month.
Campbell Robb, Shelter chief executive said “when the average deposit for a so-called affordable Starter Home is £40,000 and half of renters can’t save a penny towards this each month, generation rent aren’t going to become generation buy any time soon.
Behind these figures are millions of young people and families on ordinary incomes who are struggling to cope with sky high housing costs and the instability of private renting.
George Osborne needs to start paying attention to all those bearing the brunt of our housing crisis, by investing in building homes they can actually afford to rent or buy.”
Shelter is calling on the government to tackle the root causes of the housing crisis and to invest in building genuinely affordable homes.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleLender requires to be joint on the insurance?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|