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Middle-aged renters on the rise

Middle-aged renters on the rise

Rising UK house prices have left many middle-age workers unable to afford a first home, or as accidental renters after a relationship break-up, which is why significantly more older tenants are now renting from a private landlord than they were a few years ago.

Given that there is now more of a focus on supporting young first-time buyers, many older tenants now risk being ignored, which may partly explain why Grainger has seen a notable rise in the number of people in their thirties and forties embracing renting.

Helen Gordon, the head of Grainger which is the UK’s largest listed residential landlord, says that her firm has seen a rise in the number of renters aged between 35 and 44, especially in London.

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