Thursday 10th April 2008
A number of effects are combining to make it impossible for graduates to climb on to the housing ladder, it has been suggested.
The comments come from UNIAID, a charity which helps to raise awareness of the financial barriers faced by those in higher education.
Among the issues currently having an impact on such students, the organisation identifies a dual effect from the credit crunch and house price inflation.
Alistair Lomax, executive director of UNIAID, explains: "If lenders are more risk-averse and the cost of property is so huge, then its going to be very difficult.
"Were concerned that students are going to find it more difficult to borrow money to get on the bottom rung of the housing ladder."
This is of particular concern in light of the fact that many students emerge from their educational careers "saddled with debt".
For such individuals, Mr Lomax proposes that the housing ladder may be "out of reach" completely.
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