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Mortgage Solutions - How to stop homeownership becoming an elite privilege broker analysis help for First Time Buyers

Mortgage Solutions - How to stop homeownership becoming an elite privilege broker analysis help for First Time Buyers

Brokers have suggested that schemes like the shared ownership programme can prove effective in helping more first-time buyers onto the ladder, and prevent homeownership becoming an 'elite privilege'.
A study last week from Yorkshire Building Society revealed a downbeat attitude among prospective first-time buyers about their purchasing prospects, with the majority believing homeownership is rapidly becoming a privilege reserved only for the wealthiest.
Brokers were divided on how true this really is in practice, though some were keen to highlight that support programmes like shared ownership offer a route through the difficulties faced by many would-be homeowners.

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