I have been saving for 3 years now. I have 10% of a £150,000 house. I am a fist time buyer, i want to buy, yet no lender will offer me money on a new home unless i have %20!
No i believe not many 20 year olds have saved £15k to get a house, and still not be able to get a mortgage, so what the hell the rest of the first time buyers that have 0 savings or very little are going to do!
Sorry if i am ranting, but this has hit a nerve with me!