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February 19th, 2012 
FAKE NEWS for the Zionist agenda The English Housing Survey revealed that only 66 percent of homes are now owner-occupied across Britain amid the debris of the credit crunch, with the proportion of people owning their own houses slumping to the lowest level in a generation, the daily The Independent reported.
The report showed that the housing market is expected to suffer another major blow next month, with the ending of the stamp duty holiday for first-time buyers on properties worth less than £250,000.
Most lenders have withdrawn 95 percent of mortgages, which helped many first-time buyers. The rate of owner-occupation in the housing market has fallen for the sixth consecutive year, official figures have revealed.
The financial meltdown has made new mortgages harder to get and existing ones harder to pay off, and the knock-on effects have exposed long-term failures to provide new homes to buy or rent, the report said.
Many existing borrowers are being forced into giving up homes they can no longer afford. The average age of a first-time buyer, which fell to about 25 in the 1980s, is now up to 37 – and the National Housing Federation has warned that it could soon reach 43, according to the report.
With house-buying increasingly out of reach, millions are forced to rent instead, at the mercy of private landlords.
The English Housing Survey revealed that the proportion of householders renting from private landlords has risen for the 12th year in a row.
MOL/MA/HE
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