More than half of graduates from the past 10 years have not been able to buy their own home. Just 44 per cent of them are on the property ladder, according to research published yesterday by Scottish Widows bank. Seven out of 10 graduates who have not yet bought a property said prices were the biggest barrier. The average graduate also owes £10,586 in unsecured loans and on credit cards. Among those who have bought their own place, 72 per cent had to take out a joint mortgage with a partner, friend or relative. But 69 per cent admitted they would be unable to afford to buy out the other person if the arrangement turned sour.
[The Daily Telegraph page 12 - 23.11.07.]
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