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Younger generation should save for homes – Star Letter 20/03/2015

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  • 20/03/2015
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Younger generation should save for homes – Star Letter 20/03/2015
Each week Mortgage Solutions picks the best reader contributions from our article comments and letters to the editor.

Each week, we also round-up the best comments, emails and letters to the site and pick one reader contribution as our Star Letter. This week’s award goes to:

Budget 2015: Osborne unveils Help to Buy ISA plans

A curve ball from the Chancellor.

Many first-time buyers are either moving into rented accommodation too soon or will simply not save in lieu of enjoying the trappings of youth. My parents’ generation saved their deposits to buy homes but the current ones seems reluctant to do the same.

A housing solution which encourages savings seems well placed.

The opposition parties will no doubt denounce it with arguments that people cannot afford to buy in London, but that is a whole different argument.

Arron – Temple Capital

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