More than two in five renters (44%) want to see more cost of living support from the Government to help with general finances and affordability, research from The Mortgage Lender (TML) has indicated.
TML looked into what renters across the UK would like to see most from the Government to support them and the property market.
While house prices appear to be experiencing a slowdown, TML said its findings show that rising costs and high inflation are weighing on renters’ minds as they consider their living arrangements.
The study, based on research among 2,000 UK adults, revealed that 30% would like to see lower interest rates, which may support them with their overall affordability, and 27% would like to see improved quality controls within the rental market.
It also found that 26% of renters would like to see improved first-time buyer support from the Government and that 15% would like to see more housebuilding to increase property stock.
In terms of sustainability and the Government’s net zero ambitions, 23% of renters also revealed they are are keen to see greater government support in making energy efficiency improvements. However, with much of the responsibility falling to landlords to improve Energy Performance Certificate (EPC) ratings, TML highlighted that this leaves little action that renters are able to take themselves.
“With many renters facing a series of challenges in their journey to homeownership, the rental sector has never been more important,” commented chief commercial officer at TML, Steve Griffiths. “But high demand continues to outstrip supply, ultimately pushing up rental prices, and the cost of living crisis plays a significant part in affecting consumers’ overall affordability.
“It is evident those who want to step foot onto the property ladder are seeking more support from the government in order to do so, whether that’s helping with shorter-term finances or support for the wider property market to help increase access for new entrants.
“But with much uncertainty still around in terms of inflation and interest rates, there may well need to be some further intervention to help people achieve their property goals.”
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories