Stepping onto the first rung of property ladder has become an ever-greater challenge. As a result, the younger generation now asks, “is the dream of owning any home over?” Ever increasing house prices mean ever more expensive mortgages and deposit requirements that are simply out of reach for many. Indeed, the proportion of those aged 25-34 able to afford their own home has fallen from 41% in 2008 to 33% today. The aspiration to own and not rent remains strong, but the financial hurdles of raising a deposit and affording the mortgage repayments is too much of a struggle for many young adults.

There are solutions such as help to buy, shared ownership and using family support. A conversation with an independent mortgage adviser might really help.

The Chief Economist of the Building Societies Association, Andrew Gall, joins Simon to unpack the issues on Money Talk this Friday at www.channelradio.co.uk/2.