Youngsters Feel the Loans Squeeze

Posted on Wednesday, July 23rd, 2008 at 2:57pm

It looks like it’s getting harder and harder to get a mortgage, and young professionals throughout the UK are the ones feeling the effect.

Loans approved for buying houses dropped by 67% in June, compared to the same month last year, and those wanting to their foot on the property ladder and make their first buy are therefore the ones missing out.

“I can’t get a home loan for love nor money,” said one frustrated 22-year-old.

Maybe she should come take a look at Accepted.co.uk.


15.9% APR Typical variable

WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME. ALL LOANS SUBJECT TO STATUS.