A FIFTH of young people who do not currently own their own home believe it is “virtually impossible” for first-time buyers to get a mortgage, a report has claimed – yet their parents do not agree.

While a total of 21 per cent of 20 to 45-year-olds think they would struggle to get funding to buy their own home, despite the recent housing market and economic recovery, only 12 per cent of parents with adult children are of the same opinion.