The future of the mortgage market | Home ownership for young adults
House prices have increased significantly over the last 20 years, resulting in increased barriers to home ownership for young adults and a falling proportion of young adults earning their own home.
Our paper takes a look at the barriers to home ownership for young adults and what could be done differently to shape the future of the market. Highlights include:
- How effective are schemes such as Help to Buy and the Lifetime ISA in helping young people get on the property ladder?
- Could increased lending be offered without significant risk?
- Will open banking allow better assessments of affordability and widen the mortgage market to sensible spenders?
- Are we preventing young adults from having the opportunity for home ownership because of the mistakes that past generations have made?
Read more by downloading the full paper.