Millions who will NEVER own a home: House-buying dreams dashed as mortgages dry up | Mail Online
Millions of young people and families were yesterday warned they may never be able to buy their own home.
Paul Smee, the new director general of the Council of Mortgage Lenders, said many will spend far longer renting than they imagined.
His comments were echoed by deputy governor of the Bank of England, Charlie Bean, who predicted the number of homeowners will drop because lenders will stop handing out ‘imprudently generous’ mortgages that require little or no deposit.
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