UK residents still aspire to own houses

UK residents still aspire to own houses

People in the UK in general would still prefer to purchase their own homes through estate agents as opposed to renting them, a new study has discovered.

According to data released by Clydesdale and Yorkshire Banks, 32 per cent of potential buyers still see the purchase of a home as making more financial sense, while just 19 per cent said that they will benefit in the long run from renting.

In addition to this, 23 per cent said that renting was some form of investment for the future, with something to sell on in years to come.

Andrew Pearce, retail director for Clydesdale Bank, said: "We understand how difficult it can be to take the first step onto the property ladder and are one of the few lenders still offering 95 per cent mortgages to support first time buyers.

"We remain committed to helping people buy their first home and are there to guide and support them through the whole process."ADNFCR-1222-ID-801501509-ADNFCR

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