Debt difference between those who rent and buy

Debt difference between those who rent and buy

15.5% of adults in the UK are overly indebted. Housing availability and prices are becoming key contributors to indebtedness in the UK. There is growing discrepancy between home owners and renters: the average annual income of a home owner is £43,410, compared to renters who are on £25, 678. Those who rent their property are twice as likely (13%) to have to borrow money as home owners (6%).  Of those that are over-indebted, half are currently renting (49%), 25% have a mortgage, 8% are living rent free (including friend or relative’s property), while 9% own property outright.  Read more  


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