Student loans real barrier to FTBs not credit card debt

The lender says the results of its latest research show one of the main reasons those in their 20s do not have a mortgage is because of a high level of indebtedness. But it says this is explained by the majority having student loans rather than huge personal loan, overdraft or credit card debts. The majority of those in their 30s and 40s meanwhile (59%) do have a mortgage but also tend to owe less on their mortgage than those in their 20s. On average, if they have a mortgage, then those in their 20s will owe £126,000, compared to £79,000 for 30 to 50 year olds. But despite having a mortg...