Lack of job security becoming an increasing barrier to home ownership, survey says
Three main barriers to home ownership revealed in new survey
- New research reveals that a third of renters aged 25 to 44 do not believe they will ever own a home.
- The study, commissioned by the Building Societies Association (BSA), found 59 per cent of renters expected to be homeowners by this point in their lives.
- Lack of job security is increasingly cited as a barrier to home ownership, alongside raising a deposit and mortgage affordability.
- Despite some mortgage lenders easing their rules, these financial hurdles remain significant for many prospective buyers.
- The BSA suggests that regulatory flexibility and a government focus on increasing housing supply are vital long-term solutions.