I agree. My daughter and her boyfriend are both Senior Spacecraft Engineers, so earn good money. My daughter left University with well over £50k in debt, which has interest added as well.
They work in Guildford so have to live within relatively easy reach, as they are on call. She has a flat (purchased with a mortgage and help from mum and dad) but they are struggling to upgrade to a house, even with their income

Haha and her looks ( luckily). Yep would never have got on ladder without our help. Her boyfriend was paying £900 pm rent for a studio flat excluding bills. Even now trying to get a house is proving very difficult

Claiming someone has been ‘indoctrinated’ when there’s a wealth of academic studies out there on the housing market just makes you look like an arrogant and ignorant tit you realise, don’t you?

20% is on the high side. If you accept a higher interest rate over a longer term then 5% will work with some lenders. Again a lot in cash for a 400k house of 20k but easier than 80k. Remember that a mortgage is a marathon not a sprint. I always avoided looking at the total I would pay at the end as over 25 years it will be at least 2x what i borrowed . Over a 50 year term it could be far greater but the property value should cover it at the end.
My house has gone up 200% in 20 years so that's a good mark.

Thank you
I beleive that hmg are a guaranteeing up to a 20% loss on a default. Not that bad then are they. Helping people to buy a property.

It's a nice area. They've built a lot of flats round and about so young people can get on the housing ladder.... unfortunately, they haven't built any new houses so slightly less young people can't move out.

Then huge amounts of housing stock in the area is taken up by empty nesters. Looking at my parents roads, at least half the houses are 3/4 bedroom with retired couples in them.

Whilst I may be completely heartless, if my parents had to sell their house to fund care then it wouldn't be the end of the world. They have no mortgage left.

Another, option would be to refinance the house on an interest only mortgage to pay for funding, then sell it when they pop their clogs.

They are asset rich, it would help free up housing stock, it might slow down the constant rises in house prices, it would end this cycle where future generations would have to keep taking on the financial burdens of future generations.

Although, this idea might not work outside of the south east of England so may require some tweaking.