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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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.
More on this story >>>
posted by Mandy @ 9:16 AM
2 Comments:
At 1:22 PM,
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
http://cyber-comfort.blogspot.com
At 2:57 PM,
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.
Mandy
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