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Nearly half of UK renters want to buy out their landlord

marcfaubeau

A study has revealed that 42% of UK renters want to buy their home off their landlord rather than move. According to the new research by Gradual Homeownership provider Wayhome, 42% of tenants said they would like to buy their current rental home, if it were feasible. This equates to 45% of private renters compared to 38% of social tenants. The majority of these renters range between the ages of 25 and 34, with more than half of tenants keen to buy the home they're currently living in. This compares to just under one in three of those aged between 65 and 74, the age group least motivated to buy out their landlord. London sees the highest proportion of tenants keen to buy their current home at 53%, while those in the North East (30%) are least likely to want to buy their home.

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