Working Families Priced Out In Over Half of the Country

New Shelter research shows that, in over half of the country, less than 10 per cent of suitable homes are affordable for a typical family hoping to get on the property ladder.  In some areas the problem is even greater, with fewer than 10 affordable homes for sale in an entire local authority area. The research shows the same problem in multiple parts of the country. There are also several black-spots where not one of the homes for sale was affordable for a typical family. Though it aims to help families such as these, the government’s new Help to Buy scheme is also out of reach for most. Research shows that first-time buyers would be unable to afford the scheme’s mortgage costs in over 80 per cent of the country. Read more on the Shelter website.