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Renters More Vulnerable to Interest Rate Rises than Mortgage Holders, New Data Analysis Reveals

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Summary: New data analysis by Sky News reveals that renters are more vulnerable to interest rate rises than mortgage holders in the UK. Renters now represent the largest home occupancy group at 37 per cent, while mortgage holders account for only 30 per cent. The cost of buying homes has made renting more attractive, leading to a significant increase in the number of renters. Renters spend about 33 per cent of their income on housing costs, making them more susceptible to increasing expenses compared to homeowners. Legislation and protection for renters have not kept pace with the shift in home occupancy, leaving renters exposed to...