Nationwide says a survey it commissioned suggests three-quarters of people renting privately or living with their parents still want to buy a place of their own despite surging house prices.
The lender says this desire is so great that nearly a quarter of the 2,134 respondents said they would consider a second job in order to manage the mortgage.
About a third, 38% of those questioned believe they will be in a position to buy within the next two years.
However, an even greater proportion, 42% expect prices to keep rising over the next two to three years.
About one-in-six young people say they are thinking about acquiring a property together with friends in order to be able to afford that first step on the property ladder, Nationwide’s survey states.IFAonline
What made financial headlines over the weekend?
Vitality at Work scheme
Reporting to Steve Hill
Appointed on 19 September