Young first-time buyers face toughest time since financial crisis, says UK housebuilder
Young first-time buyers in the UK are facing significant challenges in securing mortgages, according to the CEO of Barratt Redrow. Rising interest rates, increased student loan repayments, and stagnant wages are contributing to this difficult environment. The average age of first-time buyers is increasing, highlighting growing generational inequalities in home ownership.
- ▪The CEO of Barratt Redrow stated that it is the toughest time for first-time buyers since the financial crisis.
- ▪Higher student loan repayments are reducing the income available for mortgage assessments.
- ▪There are 6% fewer first-time buyers in the market compared to last year.
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The boss of Barratt Redrow says higher levels of student loan repayments are making it harder for younger people to get a mortgage. Photograph: Christopher Thomond/The GuardianView image in fullscreenThe boss of Barratt Redrow says higher levels of student loan repayments are making it harder for younger people to get a mortgage. Photograph: Christopher Thomond/The GuardianFirst-time buyersYoung first-time buyers face toughest time since financial crisis, says UK housebuilderBarratt Redrow boss says rising interest rates, higher student debt and squeeze on wages hitting property dream Business live – latest updates Joanna PartridgeThu 28 May 2026 06.09 EDTLast modified on Thu 28 May 2026 06.42 EDTSharePrefer the Guardian on GoogleThe boss of Britain’s largest housebuilder has said it is…
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