How to prepare for the Property Ladder

By 2025 one fifth of the West Midlands could be renting from private landlords, according to the analysis by financial services firm PWC. Previous research suggests that in the year2000 only 7% of people were renting from private landlords and 70% owned their own home in the region, but continuing trends and patterns for home ownership suggests that in less than a decade, home ownership will drop by 8% and renting rise by 12% to 20%.

It’s likely that this is due to increased property prices, more difficulty in getting mortgages and it could even signal the social shift in attitude about home ownership. However, if you’re determined to get on the property ladder and work your way up there find out how you can prepare for the property ladder, with some Financial Style tips.

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