Home ownership unaffordable despite 95% mortgages, analysis shows

Many single thirtysomethings will still find large parts of England and Wales too expensive to buy

The government's scheme to turn generation rent into generation buy will not help single thirtysomethings get on the property ladder in much of England and Wales, Guardian analysis has found.

The mortgage guarantee scheme, which came into effect on Monday, will support banks and building societies to offer 95% loans, meaning that buyers only have to raise 5% themselves.