Generation Renters Believe It Is ‘Virtually Impossible’ To Get Onto Housing Ladder

More than one in five people who are not on the property ladder believe it is “virtually impossible” to get a mortgage, a major new study has revealed. The largest research project of its kind in the UK highlights the divide between the haves and have-nots in Britain’s housing market. It shows the polarising effect of home ownership; 57 per cent of parents who own a property have or plan to help their children with their deposit, compared to 24 per cent of parents who rent, underlining the importance of property ownership for the prosperity of future generations. The report found that 21 per cent of prospective first-time buyers believe it is virtually impossible to obtain a mortgage, compared to 12 per cent of parents. Read more on the Yorkshire Post website.