Renters now believe they’ll only join the property ladder in their forties – due to the cost-of-living crisis, according to research.
Giving rise to a new “Generation Rent”, a quarter of current renters believe they'll only be able to buy a house in their fifties – with 13% thinking they could even be on their way to collecting their pension before leaving their tenancy.
The study of 2,000 adults, who are currently or have previously rented, also found nearly half (48%) of renters can’t currently afford to put a deposit down.
