More graduates using 'mates' mortgages

Scottish Widows’ fourth annual survey of graduate first time buyers also found less than half of those that graduated in the last ten years own a property. A year ago, the survey found 69% of property owning graduates had bought their home with a partner, family member or friend, but in 2007, the proportion has increased to 72%. Unaffordable house prices are thought to be the major reason for many graduates buying property together. The survey found 44% of graduates have bought their own home, but 69% of those with joint mortgages would be unable to afford to buy the other out if their l...