Could it be a worse time for young people aspiring to buy their first home? Housing costs are rising, the average mortgage rate is now around 6%, and the cost of living remains high. What’s more, an extremely competitive rental market is seeing private landlords recuperating the costs of rising mortgages through driving up rents which many felt had already reached unaffordable levels.

It is little wonder that so many aspiring first-time buyers feel the cards are stacked against them. As MTVH’s Housing Futures  report revealed, 60% of young residents hope to own their own homes in the next five years, yet less than half think it is likely that they will do so. Should the UK’s housing situation continue on the current trajectory, these concerns will prove well founded for many.