Brand brand New research paints a stark comparison between exactly just how tenants and homeowners coped financially throughout the COVID-19 pandemic.

Brand brand New research paints a stark comparison between exactly just how tenants and homeowners coped financially throughout the COVID-19 pandemic.

The customers and COVID-19: from crisis to recovery report because of the customer Policy analysis Centre (CPRC) has discovered discovers greater degrees of economic stress among tenants in comparison with households with a home loan.

The outcomes show 75% of tenants are worried about their wellbeing that is financial compared 64percent of home loan holders.

Meanwhile, almost half (49%) of tenants expressed issues about housing expenses in comparison to almost a 3rd (31%) of home loan holders.

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Issues about power bills

Issues about food

Issues about credit cards

Whom missed more repayments: tenants or home owners?

Tenants once again missed a better percentage of re re payments across a number of different sectors as a result of COVID-19, such as for example housing, credit, telco and energy.

As much as 7% of tenants missed some rent repayments, while 2% of mortgage holders missed mortgage repayments.

Based on a study by Better Renting, many whom asked for a lease decrease had been unsuccessful.

Home loan holders

Missed housing repayments

Missed credit repayments

Missed power repayments

Missed telco repayments

CPRC’s report supports this, with just 2% of tenants saying these were provided re re re payment support by their landlord, while 5% of home loan holders had been assisted by their bank. Leer más