According to a financial services company recent survey of more than 4,000 private and social tenants, it suggests that nearly half of renters would seriously consider buying their rented ‘home’ from their landlords if at all possible.

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The survey claims that 45 per cent of the tenants that took part in the research want to buy their rented home.

Tenants between 25 to 34 years old have the highest interests in and aspirations to buy their ‘rented’ home they currently habit as over 50 per cent wish to become owner occupiers. For the older age group of 65 to 74 year olds unsurprisingly less than a third have any interest in buying their current rented ‘home’.

Across UK regions London comes out top with the highest amount of tenants wanting to buy their rented home at 53 per cent.

From the survey’s results the firm believes there are a number of factors pushing tenants to ‘buy out’ their landlords which include the property’s locality as the most important with 51 per cent, however a third do not want the ‘pain’ of moving out and into another property.

The survey also found that 25 per cent of current homeowners who have rented in the past stated they would have bought their last rented home if the situation had been favourable.

A spokesperson for the firm, says: “Renting a home could effectively be like taking a car for an extended test-drive. Renters get under the skin of the property by living there and will soon know whether they’d like it as their long-term home.

"If it’s a home the tenant can afford to rent on an ongoing basis and the landlord is open to selling, surely there should be some way of helping to finance a deal with two willing parties?”

Richard Merrick of PIMS, says:” It is highly unlikely that there will be much take up from landlords who have no intention of leaving the sector as they will have to pay 28% Capital Gains Tax as well as the extra 3% Stamp Duty when buying a ‘replacement’ property.