Is getting on the property ladder too difficult? Typical first-time buyers face paying over £227,000. Is this fair? Have you or someone you know struggled with this? What should the next government do to solve this issue?
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00:00Yes, I have lots of grandchildren who are having great problems. One of them in particular
00:05is renting and his rent is so high that he has no chance of saving for a property.
00:12Absolutely, yeah. They're asking for deposits that are way out of people's, you know, scopes
00:19of, you know, saving for them. It's going to take them months. Meantime, they have to
00:22rent and you get in that scenario where you're in the rent thing. So, yeah, it's too expensive.
00:29I mean, I know that he's paying £1,200 a month. So, not good.
00:37So, for your grandson then, do you think he'll ever be able to get on the property ladder?
00:43He may be able to if he goes on one of these shared ownership ones. I think that's his
00:47only way out to get back on the property ladder.
00:51It's how they push up the prices, isn't it? You know, you've got private landlords pushing
00:55up the rent. They can't get on the property ladder, no.