Renters Struggle to Save for Home

A third of renters save less than £100 monthly for a home deposit—while average deposits hit £41,000 and homes cost £244,000—leaving many staring at decades of saving. Nearly 75% feel shut out, with 30% spending over half their income on rent, making savings nearly impossible. Many sacrifice holidays, social life, and even major life milestones like marriage or kids, taking a heavy mental toll. In response, some lenders are pioneering new paths—like a building society’s three-year-old no-deposit mortgage based on rental history—to help those who pay rent but can’t save. The dream of homeownership remains strong, but today’s market demands new, more inclusive solutions. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/326b664c4221215b