The problem is that people who are renting often don’t have the option of getting a mortgage in the U.K. People often rent much nicer flats than they could get

The problem is that people who are renting often don’t have the option of getting a mortgage in the U.K. People often rent much nicer flats than they could get a mortgage for - especially within cities. Alternatively, they’re renting flats that are non-mortgageable, and anything that the banks will provide a mortgage on is out of their affordability. Basically - people who are renting are, in practice, stuck renting, and I suspect a lot of people can be pushed a lot harder than they are now - we’ve only seen the start of young adults continuing to live with their parents while working due to the cost of renting.