Released on = May 10, 2007, 1:27 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Young Britons are increasingly concerned that they will be
saddled with their parents\' debt when they pass away, says National Homebuyers.

Press Release Body = According to AA Legal Service, a total of 86 per cent on
British youngsters are worried about what they might find in their parents\' wills.

Worryingly, seven in ten (70 per cent) of those surveyed expect to have to take on
their parents\' debts when they die.

In contrast, previous generations have been able to take advantage of their
inheritances to pay off some of their own mortgages.

\"As young families take on bigger and bigger debts to get a foot on the property
ladder, few are banking on a future inheritance to help clear the mortgage,\"
confirmed James Molloy, head of AA Legal Services.

Even those who have been left money by their parents still have cause for alarm,
with 31 per cent of respondents admitting that sibling rivalry will see them
receiving a reduced share.

A further 15 per cent of young Britons are worried that their parents will remember
charities in their wills, rather than their own children.

Mr Molloy suggested that the cost of care homes and mounting consumer debt were two
prominent reasons as to why many people were being saddled with debt - although
those affected could consider an equity release scheme offered by National
Homebuyers to alleviate their financial difficulties.

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333