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According to the study of over 2,000 private renters in the UK, men are more likely to be happy renting forever, (36% vs 31% for women), while for those in the 55+ bracket, nearly two thirds (64%) are also happy to remain tenants, versus less than a third of 35-54-year olds, who are likely to want to own a home. Londoners are also hanker more than most to own their own home with just 17% happy to stay renting, compared to 46% of Welsh tenants.

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Of those who aim to buy a property, the average length of time tenants are prepared to wait is 4.1 years, with men content to wait 4.6 years and women 3.8 years.

Three quarters (75%) of tenants are happy renting, with 12% saying ‘they couldn’t be happier’ and 30% ‘very happy’. Just 15% are not happy, with the remaining 43% ‘reasonably happy’.

As for the motivations behind renting, the top three reasons are:

1. I don’t want to/can’t financial commitment of buying a home – 46%
2. I have fewer responsabilities than an owner (i.e. my landlord is respinsible for most issues) – 40%

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• Victorian Conversion
• Generous Reception Room
• Close to Local Shops
• Top Floor, One bedroom
• Separate Kitchen
• Excellent Transport Links

John Goodall, CEO, Landbay comments:”Renting affords significantly greater flexibility than home ownership and, at a time when house price growth is uncertain, remains the best option for a significant number of people. It’s clear from this data that those who choose to rent are happy doing so, and indeed would like to continue doing so forever.”