Mortgage advisor Kevin McCarthy states the new development could be a game changer for those looking to buy a house but struggling to get a large enough deposit over £5,000.
The strategy seems to offer the best of both worlds – live in a place you can’t afford to buy while getting a foot on the property ladder elsewhere. But it’s not a panacea for our housing market woes.
Over a third of UK drivers told Auto Trader that buying a brand-new car is now a bigger milestone than purchasing a property, mainly because it's more attainable.
Even when I've been told by my solicitor that I can pick up the keys to my new house from the estate agent in Darlington, County Durham, I'm convinced something will go wrong.
If polls are to be believed, in a few months' time the Leader of the Opposition Sir Keir Starmer will move into digs considerably more salubrious than his first London flat above a massage parlour.
First time buyer Yohance scooped up a utilitarian two-storey office in trendy Balham for £365,000, nearly 50 per cent cheaper than nearby residential properties.