First time buyers: How can it be made easier for people to get on the property ladder?
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00:00 How can it be made easier for people to get on to the property ladder?
00:07 Well good jobs. Usually otherwise you're stuck in poverty. People have a couple of kids,
00:13 they're used to work, they can't even feed them. So if the jobs were made better, more
00:18 enjoyable, with more money, then maybe people could get on in the world.
00:22 I think if some more financial incentives were introduced to help first time buyers,
00:28 that would be a good thing. Because it always tends to be the bank of mum and dad who boost
00:34 youngsters if they've got insufficient funds to start their own mortgage or their own first
00:39 time home.
00:40 If you're going to work, you should be entitled to live and get a mortgage if that's what
00:44 you're building for at the end of the day.
00:47 I've got two daughters and they were both first time buyers and on both occasions the
00:51 bank of mum and dad did help them. But of course we were fortunate enough to help them
00:56 but not everybody is of course.
00:58 Some people are not in a position to help.