Most graduates can't find a mortgage, study shows by Finance News Bulletin

Published: 01/01/08

The bulk of graduate first-time buyers are unable to find a mortgage, according to new investigateSome 53 per cent of university leavers lack the monetary capability to afford a mortgage, a learn by Scottish Widows has foundJust under half predict that it will be between two and ten years before they take out a mortgage Furthermore, one in ten graduate first-time buyers do not believe that they will ever be able to find a mortgage which they can afford

Issues such as money owing and the rising cost of deposits are preventing many first-time buyers from being able to take out a mortgage, the research revealedMurdo McHardy, head of product growth and marketing at Scottish Widows Bank, remarked: "Our account has yet again revealed that alumnae are not finding it easy to get on the property ladder with house prices ongoing to rise and first-time buyers being not capable to save for that deposit"An expert at the regal Institute of Chartered Surveyors recently claimed that affordability will remain a problem for unparalleled buyers looking to find a mortgagenowadays's Most Popular Results Mortgage Enquiry Form Need Life Insurance

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