What the papers say – 29th and 30th November 2014

With average student debt now standing at around £44,000, graduates are finding it even tougher to get their foot on the property ladder. The Times looked this weekend at the different options available to First Time Buyers, including taking a mortgage jointly with a parent, or taking a specialist deal which allows parents to offset their savings against the mortgage - allowing them to help their child whilst retaining access to their savings.

The Financial Times reported on the Buy-to-Let market, with experts suggesting that landlords need a stronger rental return in the wake of cooling house prices, so investors will need to carry out thorough research to ensure they buy in the right location, attract the right tenants, and factor in the appropriate costs including maintenance and tax.

Elsewhere the Sunday Times suggested that banks are taking an over-cautious approach when it comes to lending to older borrowers, often requiring a mortgage to be repaid by standard retirement age. Brokers called it a worrying trend given that many First Time Buyers are in their late thirties.

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