Majority of tenants 'plan to buy property'

23 February 2010

Written by Jeni Browne

Buy to let landlords may be interested in the latest Communities and Local Government English Housing Survey, which revealed its findings today (February 23rd).

More then half of tenants in private-rented accommodation revealed that they eventually plan on purchasing their own home.

This 59 per cent is compared with 27 per cent of social renters that planned on doing so.

It was also noted that 5.4 per cent of private-rented households were overcrowded, compared with 1.6 per cent of owner-occupied homes.

The condition of private sector homes was examined in the survey, which noted that a larger majority were non-decent than social sector properties.

A drop in the number of homes occupied by their owner was found and the total now stands at 14.6 million.

This may suggest that a greater number of properties are being used as buy to let investments.

Some 17,000 households are surveyed annually, Communities and Local Government notes.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.