Mortgages: 60% of renters can’t afford to buy a home

iStock_000001437287_ExtraSmallDespite various government initiatives, such as the Funding for Lending and New Buy schemes, new research has confirmed renters are finding it increasingly hard to get onto the housing ladder. The figures from the estate agent, Right Move, show the number of people ‘trapped’ in rented accommodation has reached the highest level for over two years. The study of 3,000 people found: 60% of renters said they could not afford to buy a home Only 15% of people surveyed said they were on track ...