Renting 'should not attract any stigma'

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A national body which represents the interest of the UK's landlords has said that there should be no stigma attached to renting, as it provides a viable alternative to home ownership.

The NLA's chairman, David Salusbury, was responding to recent research which showed that renting was a more suitable option than buying for many people in the UK.

"People in the UK have been lulled into thinking they must buy their own home. But the key to property ownership has always been hard work and careful financial planning," commented Mr Salusbury.

"For those who are unable to afford to buy, renting offers a good value alternative. There should be no stigma attached to renting, especially as the standard of homes in the sector has steadily risen over the years."

He added that the private rented sector is "a vital component" of the British property market as it offered "much greater flexibility than home ownership".

"Indeed, for some people it may be the appropriate solution throughout their lives," he concluded.

Recently, a spokesperson from Arla confirmed that it expects renting to become more popular in the UK, but added that the option was never likely to be as ubiquitous as it is in North America and parts of Europe.

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