menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Is homeownership becoming a fantasy for Britain’s under-35s?

3 0
latest

By Clare Andrews

The UK’s rising costs are hitting younger people hardest. For under 35 year olds, buying a first home has never been so complex.

Skyrocketing rents, stagnant wages, and higher everyday costs make saving for a deposit and securing a mortgage increasingly difficult.

As a residential property lawyer, I see how these pressures shape younger households’ opportunities. With the upcoming Budget and Renters Rights Bill adding uncertainty, planning and professional guidance have never been more crucial.

The rental sector often serves as a temporary solution rather than a springboard. With higher rents and limited availability, younger people are finding it harder to save for a deposit.

Last week's figures paint a picture that looks reassuring at first glance. According to UK Finance, mortgage arrears have declined to 84,100 homeowner mortgages,........

© LBC