Home ownership debt fears put government under pressure

01 April 2005
A poll released yesterday revealed that a significant number of Britons are concerned about buying a home, leading to renewed calls for the government to provide more affordable housing.

The research, commissioned by the National Housing Federation (NHF), examined people's attitudes to home ownership, shared ownership and renting, and found that 71 per cent of respondents believe that buying a home in today's market means taking on too much debt.

According to 83 per cent of respondents the outlook is even worse for future generations, who will find it even more difficult to buy their own home.

Concerns were also expressed about buying a home without a secure job, with 85 per cent of respondents believing home ownership is a risk.

"Home ownership remains a strong aspiration in all parts of the country - but people are deeply uncomfortable about the amount of debt it means getting into," said Liz Atkins, strategy director at the NHF.

"Most people face a stark choice between renting and owning but people need alternatives."

In the wake of the survey's results, the NHF renewed calls for the government to increase the number of affordable, housing association homes.

"The Federation believes that, if the government is serious about tackling the housing crisis, it should increase the number of housing association homes and build for the needs of the whole community," Ms Atkins stated.

"The government needs to address the public's growing fear of debt by increasing supply and affordability across the country."

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