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