'We could not afford somewhere like this if we bought': The people opting out of home ownership

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'We could not afford somewhere like this if we bought': The people opting out of home ownership
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🏘️ Jacob says that while he has saved enough for a deposit, anything within his price range would be a significant downgrade on where he currently rents

Jacob said anything within his price range would be a significant downgrade on where he currently rents near Brockwell Park, south London Owning your own home, with the ability to be mortgage-free one day, is a common aspiration for many of us Brits.have meant there has been a surge in renters

Rising costs and a turbulent economy has undoubtedly led to fewer people being able to afford to own a home. But for some, renting is a choice. The benefits are that you don’t have to save for a big deposit, or work in a job you hate just so “There is lots of space for us as a family. Our landlords are farmers and briefly lived in the house but found it too big. They are amazing and let us do whatever we like, as long as we don’t cause any damage. It really feels like it’s our home,” she says.

Isabella may consider buying in the future. She says this is currently not a possibility because both she and her partner work for Isabella’s jewellery business – Isabella Day – and they would find it difficult to get a mortgage.

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