One of the largest-ever surveys of British homeowners and tenants suggests that more than a third of those currently in the private rented sector believe they will carry on to rent for the rest of their lives.
Although 15% say they are saving for a deposit with plans to buy a home in the future, the research reveals that this can often be a long-term goal with 41% of these savers saying they have lived in rented accommodation for more than five years.
Even though a high percentage of those renting are saving for deposits, a lot are very happy with being in rented accommodation with nearly a quarter, 22%, saying they are renting because the house has become their family home for the long term. One in 12 say they chose to rent because the house is in a good area to raise a family.
If you are looking to let or rent click here to find out how Hunters can help you.