Released on = May 4, 2007, 3:05 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Sustained house price inflation has created severe problems
for future generations of Britons, it has been alleged says National Homebuyers.

Press Release Body =

According to the National Institute of Economic and Social Research (NIESR), rampant
house price inflation means that younger generations will be saddled with large
mortgage debt if they attempt to purchase property.

This also impacts on their available income, and could potentially lead to
over-borrowing in other areas.

The thinktank highlights how house price inflation is seen as \"manna from heaven\"
for existing homeowners, especially as they fail to assess the impact it has on
their own children.

Martin Weale, director of the NIESR, believes the government should have done more
to prevent this, but acknowledges it is difficult as often those most affected are
too young to vote.

However, younger generations of homeowners struggling with their mortgage payments
can still alleviate their financial worries by speaking to equity release
specialists National Homebuyers.

The volume of younger people who are enticed into borrowing unacceptable amounts of
money may be great news for the lenders short-term but have dramatic consequences
for most says property expert Julian King. The director of UK quick sale property
company, National Homebuyers, says: \"The sustained and augmenting increase in
inflation and apparent \'flexibility\' in mortgage agreements will restrict the
younger generations ability to sustain their lifestyle.

\"Our sell and rent back product which is an alternative to equity release, but is
available to all, is finding increasing interest from the country\'s first time
buyers.\"


Web Site = http://www.nationalhomebuyers.co.uk/newsarticle.asp?ID

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
08709798118