Only a quarter of those who rent their home currently have a will compared to just under half of homeowners, according to new research.
MoneySuperMarket’s survey of 2,000 UK adults found only 24% of the renters questioned have a will, with one in seven of those without saying they have no plans to make one.
By contrast, 45% of mortgage holders have a will. Nationally and across both groups, 40% of the adults surveyed have a will in place.
Kara Gammell, life insurance expert at MoneySuperMarket, described the figure as “concerning”.
She added: “There’s a stark protection gap between renters and homeowners when it comes to estate planning.
“ONS data shows that renters are more likely to be living with an unmarried partner, which means intestacy can have serious real-world consequences – from disputes over tenancy deposits to a surviving partner losing their home entirely.”
The research forms part of a larger study commissioned by MoneySuperMarket into estate planning across the UK, which found just 36% of women have made a will, compared to 44% of men. One in 10 of the participating UK adults said they had no intention of ever making a will.
One Response
Alarming numbers …. we’re seeing a clear shift: more people are recognising that having a plan and a strategy is no longer optional it’s essential. Whether renting or owning, families want certainty, protection, and clarity.
The trend is unmistakable: proactive estate planning is becoming a priority, and those who take action now will be far better positioned to protect their assets and loved ones in the years ahead.