‘Rising house prices are hitting homeowners under the age of 25, with ownership in this category falling to its lowest level in 20 years.

A new report by the Council of Mortgage Lenders (CML) has also warned that this trend could have repercussions for the rest of the housing market.

The CML estimates that the price first-time buyers are confronted with when looking to purchase their first property has increased by 478 per cent over the last two decades, This is Money reports.’

Read more at Rising house prices hit under-25s

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