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Graduates can't buy due to financial difficulty, says National Homebuyers

Millions of Britons graduate from university with unmanageable debt, meaning fewer are able to enter the property market.

FOR IMMEDIATE RELEASE

PRLog (Press Release) - Sep 24, 2007 -
The financial difficulty faced by many can take years to get over, making it more difficult for homeowners to make a quick property sale.

Quick move guaranteed | Free property valuation

The National Union of Students (NUS) said that debt levels for graduates have increased massively in recent years.

According to the organisation, graduates will leave university with a combined debt of £3.2 billion, signalling an increase of 167 per cent.

"Debt hits students when they are at their most vulnerable: when they're thinking about their first step on the career ladder, when they're thinking about getting a mortgage, starting a family... so essentially, at the time when they're most financially vulnerable, they're being hit with quite hefty payback," said an NUS spokesperson.

It is bad news for anyone looking to sell a property, which they may have inherited through a family bereavement or received in a divorce settlement, as it means fewer buyers are entering the market.

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About National Homebuyers: We guarantee to make an offer to buy your property, residential or commercial, regardless of its condition or location.

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Contact Email:
Source:National Homebuyers
Website:http://www.nationalhomebuyers.co.uk
Phone:0870 979 8118
Fax:01444 257333
Address:Sterling House
:20 Victoria Way
Zip:RH15 9NF
City/Town:Burgess Hill
State/Province:Sussex
Country:United Kingdom
Industry:Business, Marketing, Real Estate
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Shortcut:http://prlog.org/10031735
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