Have you heard of the term Generation Rent?
I’ve only recently been made aware of this - it basically describes anyone aged between 18-40 who has been priced out of the housing market. (Unable to buy and having to pay a large percentage of their income towards rent)
Apparently, 59% of people in Generation Rent believe they won’t ever be able to afford to buy a house
We spoke to Millennial Money UK to find out what help there is for people looking to get onto the property ladder. They’ve written this great article for us which lists four schemes currently available. You can read the piece here.
Does anyone have any experience using any of these schemes?