How a buy-to-let boom has transformed the mortgage market for a younger generation of buyers | Mail Online
As Financial Mail reveals that banks now lend more to landlords than to people living in their own homes, young families describe how they are battling with high and rising rents – yet, somehow, they still dream of buying.
Though property prices have fallen across most of Britain since their 2007 peak, many young adults are still struggling to buy a home of their own. The 2008 banking crisis virtually turned off the tap of mortgage cash for borrowers with only a small deposit.
Today, though some lenders do offer special ‘first-time-buyer’ deals, these loans are costly and difficult to obtain. The result is that even more younger families have been forced into renting, driving up rents and fuelling a resurgence in buy-to-let
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