There needs to be a correction in house prices otherwise a large number of people will never own a property.
However 95% mortgages which are the only reason a lot of people can start owning their home = irresponsible lending in a lot of cases.

The only way around this is for property prices to considerably drop.
( Fucking hell Jeff I am not a robot, Mon 21 Nov 2011, 11:13, 2 replies, latest was 13 years ago)

I had a 105% mortgage when I bought my flat.
But I was one of those weird people who kept up with their payments, and when I sold the flat I actually came out ahead in terms of investment, but I realise that makes me very lucky and definitely one of the minority.

Also, buying property in Scotland (and a fairly shit area of Scotland, at that) helped. Prices down here in the South West are crazy, and I can't even begin to imagine buying anything in the South East.
( b3th Not shit. Not mod., Mon 21 Nov 2011, 11:16, Reply)

I think there should be an increase in shared ownership sales for first time buyers.
There pretty popular around here and so a number of my friends have been able to get a mortgage. They all save to buy back an extra 5% or whatever when they can. Seems to work ok.
(PsychoChomp, Mon 21 Nov 2011, 11:16, Reply)

I'm looking at going this way
If I can find an affordable deal.
( CQ Knows the truth, all of it., Mon 21 Nov 2011, 11:30, Reply)