Renters spend considerably more income on housing than homeowners


Share on facebook
Share on Twitter
Share on Google+

A YouGov survey has highlighted that mortgaged homeowners are in a stronger position than tenants when it comes to affordability.

The survey showed that 15% of mortgaged homeowners spend more than half their incomes on housing, compared to 24% of private renters.

Almost half of mortgaged homeowners (44%) are spending up to 30% of their monthly income on housing, which is considered within the affordable range. However, just one in five private renters (20%) can say the same – or less than half the proportion of mortgaged homeowners.

Read more here


Share on facebook
Share on Twitter
Share on Google+

Subscribe To Our Newsletter