Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Wednesday, June 21, 2006

Lenders try to lower the ladder

For those rare individuals who are not busy watching the World Cup every night, now is the traditional house-buying season. But it is not only the lure of watching football in the pub that is putting off first-time buyers. Affordability problems are making increasing numbers opt to continue renting or stay at home with mum and dad.

In a recent report into young-adult home ownership in the UK, the Council of Mortgage Lenders concluded that more 'flexible' options needed to be devised by lenders and the government to help young people on to the housing ladder.

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  • At 1:22 PM, Blogger Marian/Bonnie said…

    It's good that in the UK the mortgage community is considering flexibility in lending for young people. I've never heard of anything like that here in the US. It's needed, especially considering that so many are saddled with college loan debt. Thanks, Bonnie

  • At 2:57 PM, Anonymous Anonymous said…

    Hi Bonnie,
    I agree with you it is needed, I am trying to buy a house for the first time ad its complicated.


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