Comments on: Global Financial Crisis puts an end to mum and dad propping up Gen Y http://www.lendingcentral.com/2009/06/11/global-financial-crisis-puts-an-end-to-mum-and-dad-propping-up-gen-y/ The first word in mortgage news Fri, 19 Mar 2010 15:33:56 +0000 http://wordpress.org/?v=2.5.1 By: LC Team http://www.lendingcentral.com/2009/06/11/global-financial-crisis-puts-an-end-to-mum-and-dad-propping-up-gen-y/#comment-10287 LC Team Thu, 11 Jun 2009 03:57:06 +0000 http://www.lendingcentral.com/?p=2722#comment-10287 One thing that does give rise to concern in the above which I forgot to add at the end is is that 25% of respondents haven't had to budget or save before. Given the tightening of credit rules, is this going to result in 25% of our kids not being able to get a loan as they can't demonstrate ANY genuine savings? Those of you with kids at the age where they would be getting a loan, let us know if they've had any troubles at all! Regards, Scott. One thing that does give rise to concern in the above which I forgot to add at the end is is that 25% of respondents haven’t had to budget or save before.

Given the tightening of credit rules, is this going to result in 25% of our kids not being able to get a loan as they can’t demonstrate ANY genuine savings?

Those of you with kids at the age where they would be getting a loan, let us know if they’ve had any troubles at all!

Regards,

Scott.

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