New research released today reveals the scale of the challenge faced by young people wishing to buy a home – and how much the situation has deteriorated in the last decade.
However, there is some hope emerging for people looking to buy. The Government’s Funding for Lending scheme has resulted in some thawing in the mortgage market and Government-backed schemes such as Newbuy and Firstbuy are providing a lifeline for an increasing number of people who would otherwise be excluded from home ownership.
