Property buying alone a great way to get into serious debt

British consumers buying properties alone are the most at risk of serious debt and needing to take on an IVA or personal bankruptcy.

Fool.co.uk have stated that getting a house on a single income is not a feasible option and that two salaries are needed to get on the property ladder.

Head of personal finance for the group, David Kuo commented, "The average salary of around £24,000 would fund a mortgage of approximately £80,000, which is not currently enough to buy a property anyone would want to live in."