First-time buyers (FTBs) are being forced to live in areas they do not want to as they cannot afford to buy in their first-choice location, it has been claimed.

A spokesperson for action group Priced Out argues that it is unfair to accuse FTBs of being unwilling to compromise.

"What can you get for £100,000 now? You can't buy any property in London for £100,000 now," she asserts.

One way to fund a purchase could be to take out a homeowner loan, which can allow parents to release equity in their own property to help their offspring get on to the housing ladder.

In light of recent house price inflation, the amount of money available through such forms of lending could be higher than in previous years.

"There may also be further inflation, with prices running even further away from FTBs," the spokesperson predicts.

While this may be bad news for FTBs, it could also reflect favourably on the value of homeowner loan which may be secured against a property.ADNFCR-1287-ID-18373423-ADNFCR

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