Homeless threat for graduates with debt
Series: Axis ; 58(1) March/April 2004, 12-13(2)Publication details: 2004Subject(s): Summary: Examines the impact of graduate debt on the entry date of graduates as first-time buyers in the housing market. Reviews Council of Mortgage Lenders' research that estimates average student debt on graduation to be around £10 500 and finds that graduates tend to wait five to six years before seeking their first mortgage. This entry period is likely to increase if the proposed top-up fees regime is introduced. It is predicted that many graduates will prolong their stay in the private rented sector or return to their parental homes. Concludes that lenders should develop innovative mortgage products, which reflect the graduate debt situation.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67628 (Browse shelf(Opens below)) | 1 | Available | 125719-1001 |
Examines the impact of graduate debt on the entry date of graduates as first-time buyers in the housing market. Reviews Council of Mortgage Lenders' research that estimates average student debt on graduation to be around £10 500 and finds that graduates tend to wait five to six years before seeking their first mortgage. This entry period is likely to increase if the proposed top-up fees regime is introduced. It is predicted that many graduates will prolong their stay in the private rented sector or return to their parental homes. Concludes that lenders should develop innovative mortgage products, which reflect the graduate debt situation.