Tenants demand their own Minister as more are forced to rent for longer
- More than 60% of renters favour the appointment of a Minister with specific responsibility for tenants
- Tenants forced to defer purchasing their first property in increasing numbers, with only 11% expecting to buy by the end of the year, down from 13% a year ago
- However, the number of completed first-time buyer transactions grows 3% year-on-year in April
Tenants would overwhelmingly support appointing a Government Minister whose sole responsibility is tenancy issues, according to the latest First Time Buyer Opinion Barometer from Reeds Rains.
When asked if they thought there should be a Minister with specific responsibility for tenants, 60.2% of respondents said ‘yes’, compared to only 14.9% who thought it was a bad idea.