Business · 28 May 2026
Getting a first home is hardest since financial crisis
Unsplash / Maria Ziegler
It's now the toughest time for young people to buy their first home since the financial crisis, making home ownership a distant dream. David Thomas, Barratt Redrow's boss, explained that rising interest rates, more student debt, and squeezed wages are making it very difficult. He added that higher student loan repayments specifically reduce the earnings banks consider for mortgage applications.
Reported by Guardian · How we write briefs