4 Jan

Many renters 'still keen to climb the property ladder'

Many renters 'still keen to climb the property ladder'

Many people who rent their home are still keen to climb on to the property ladder and purchase a home of their own at some point in the future, according to one industry commentator.

Karen Barrett, chief executive of Unbiased.co.uk, made her remarks following the publication of figures which indicated that 13 per cent of renters still hope to purchase a property of their own.

The research also showed that owning a home is most popular among consumers between the ages of 18 and 34, with just under a quarter (22 per cent) of people in this age bracket hoping to buy a property in the future.

Of those who rent, Ms Barrett said: "Some still want to get on the property ladder, despite the recent crash."

Securing a mortgage for a property could become easier in the future, if comments by Katie Tucker, technical manager at mortgageforce, are anything to go by.

In recent days, she said that more affordable home loans could be on the market in the next 12 months.ADNFCR-1222-ID-19538149-ADNFCR

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