Saving up for a deposit the 'main concern' of those looking to get onto the property ladder

Saving enough money for a deposit is one of the primary concerns of people in the UK who are looking to get themselves onto the property ladder, a new survey has shown. It said that in many cases, young people in particular feel stressed about their ability to get themselves enough money for a deposit.

In fact, first time buyers are so concerned with regards to their chances of saving up enough for a mortgage, that some 75 per cent believe they will be renting for a long time to come. In total, only 25 per cent said they had confidence they would be able to buy a home in the next three years.

Overall, as many as 81 per cent of those surveyed said they were concerned about their ability to save up enough money to put down a deposit on a house. This is no surprise given the way prices have shot up in the last decade or so, and is further evidence that the rental market in the capital is likely to be king for some time to come.

This survey shows, when it comes to the property market, expectations have changed dramatically over the last decade, and there are some seriously stressed out renters.  The instability of not owning a home can make it difficult for young people to really put down roots in the capital. As a result, alternative routes to home ownership, such as shared ownership, are becoming increasingly important.