Released on = June 22, 2007, 2:43 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = British youngsters expect to be in a position to purchase
their own properties by their 30th birthday, it has been revealed.

Press Release Body = A survey by Alliance & Leicester (A&L) found 81 per cent of
current 16 to 21 year-olds who have left school to pursue full-time employment
expect to own their own home by the age of 30, while 32 per cent believe they will
be debt-free by the time they are 35.

While this optimism is commendable, its foundations appear to be shaky, as it is
based on the assumption of 24 per cent of the group that they will be earning at
least twice the average UK salary within the next ten years.

It is likely, therefore, that should members of this group manage to climb onto the
first rung of the property ladder they will be financially overstretched - just as
the current crop of first time buyers are today, which has led to a rise in the
number of repossessions.

However, school leavers who opt to work rather than go to university appear to be in
a better position financially than their student counterparts - figures released by
the National Union of Students show the average cost of a degree is now almost
£20,000, while 90 per cent of students are reportedly in debt.

UK fast purchase property firm National Homebuyers says education does not meet the
needs of society. Director Julian King says: \"I would be hugely offended if I
thought my children could leave 18 years of education with a sound understanding of
sociology but have no real understanding of how to make their way in the world.

\"The reality is, only the current slowdown in the property market or a cheque from
Daddy will allow today\'s students to get on the property ladder. We already see
eight-times income mortgage arrangements. This will ultimately be disastrous.\"

National Homebuyers is the UK\'s leading fast property purchase firm, guaranteeing to
make an offer to purchase any property in any condition. The business throws a
life-life to owners who are struggling in the current financial climate.

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

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk