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Housebuyer fears for the future

More than half the UK population believe they won&#39t be able to afford their own home in twenty years, according to the National Housing Federation.


The federation&#39s MORI poll of 2000 individuals showed only 44 per cent thought the next generation would be able to afford their current home.


The news comes after the 0.25 per cent interest rate rise last week and consequence for lenders Halifax, Nationwide and others of raising their standard variable rate.


Following the rise in annual rate of house price inflation to 13.8 per cent in December from 10.7 per cent in November 1999 the NHF is launching a campaign for affordable housing.

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