Sunday, Jun 18, 2006

First Time Buyers

Observer: 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.

...The Council of Mortgage Lenders' report concluded that many in this age group may be better off renting for longer.

Posted by jason @ 02:25 PM (2893 views)
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1. Bfskinner said...

'flexible' options needed to be devised by lenders and the government to help young people on to the housing ladder'

or perhaps more realistic prices. but interesting that the CML would suggest that people might be better renting for longer, or perhaps they are worried about FTB bailing out of their rented accomodation, leaving BTL landlords unable to cover their payments.

intersting times nonetheless


Monday, June 19, 2006 10:30AM Report Comment

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