A new report details the struggles young people face getting on the property ladder.

A new Moneybox report reveals deepening economic divides further limiting access to homeownership.

Transcript

00:00A new report from Moneybox highlights the growing challenges faced by UK first-time

00:06buyers which risk deepening economic divides and further limiting access to home ownership.

00:13The report stresses that without addressing these issues, aspiring homeowners may struggle

00:19to build wealth and achieve long-term financial securities.

00:23Key findings show that millennials in particular face significant barriers with many delaying

00:28key life events such as starting a family or saving for retirement to prioritise buying

00:34a home. Financial support plays a crucial role with those receiving help able to purchase

00:40homes twice as fast as those without. Solo buyers are also disproportionately affected

00:47facing longer saving times and greater stress. Moneybox calls for increased government support

00:53and policy changes to ensure fair access to home ownership, fostering a more inclusive

01:00and prosperous future for all aspiring homeowners.