Why the rental market is ‘completely broken’ and is a ‘disaster for first-time buyers’

The rental market is “completely broken” and is a “disaster for first-time buyers” unless they can rely on the bank of mum and dad, the chief executive of Purplebricks has said. In the latest episode of Boardroom Uncovered, Sam Mitchell, speaking with City AM's UK Editor, Jon Robinson, said that even that method of getting on the housing ladder is “becoming much harder”. The CEO also revealed how he bought his first house after joining two friends, getting £10,000 loans to buy cars and a three-bedroom house in London in their early 20s – plus more. Special thanks to Boardroom Uncovered's sponsor, Blackbaud! Read more of the story here 👇 https://www.cityam.com/purplebricks-boss-rental-market-is-completely-broken-and-is-a-disaster-for-first-time-buyers/ Learn more about Boardroom Uncovered's sponsor Blackbaud 👇 https://www.cityam.com/blackbaud/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam