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There is a severe housing problem in the UK at the present time. Spare land is scarce on a crowded island and the high rate of divorce means that there is more demand for homes, with many people living on their own. It's very difficult for first time buyers to find affordable houses. Some couples are even buying together with another couple just to get on the property ladder.
Having a mortgage has always been a priority in Britain, in contrast with mainland Europe where people don't seem as concerned with renting all their lives. The situation was worsened in the 1980s when Mrs. Thatcher's government launched a scheme whereby residents who were renting homes from the local authority could buy the property. This was part of the drive from the Prime Minister to have the whole population a (read more)
Affordable Houses
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