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95% Of Brits Believe They Will Own Their Own Home, Report Suggests

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Tue 13 Sep 2016

95% Of Brits Believe They Will Own Their Own Home, Report Suggests

British confidence where home ownership is concerned appears to be quite high, with new research revealing that 95 per cent of people believe that they will own a property at some point in their lives.

According to the study, 42 per cent of those asked either expected to purchase their first property between the ages of 25 and 30, or had already bought their house at this time of life.

Samuel Mond, chief executive officer of the prepaid card provider, did remind people however that credit ratings are an important factor to consider, as this will have an impact on whether someone can invest in a house. As such, people should make sure they have a good understanding of this and how their footprint could impact the likelihood of buying a home.

He did say, however: “It’s fantastic to see a wealth of individuals still motivated and determined to invest in property and in their future, particularly amongst younger members of the population.”

Those of you looking to buy your first home should make sure you know what you’re doing or that you have someone in your corner who can help you through the process. Recent research from the Co-operative Insurance found that first-time buyers often make a lot of mistakes, such as not purchasing both building and contents insurance.

If you do need some assistance, get in touch with Hull estate agents beercocks to see how we can help make sure that the house-buying process is nothing but smooth for you.