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Expert reassures graduates on credit crunch mortgage fears

Young professionals who have recently left university can still expect to get favourable mortgage rates and enjoy lower deposit requirements, has advised.According to the financial website, the worst effects of the credit crunch - which has provoked an across-the-board tightening of criteria from lenders - will be avoided by this group.Young graduates have traditionally enjoyed favourable treatment when applying for a mortgage due to their large potential future earnings.As lending is predicated on risk, the group represents a comparatively safe bet for mortgage firms nervous that borrowers might default on their loans.Samantha Owens at commented: "[Graduate loans] aren't like the standard market…[there are] different risk factors that they're looking at, because they're trying to get the graduates in, they're tying to attract them with rates that are slightly more preferential than they're going to give to other people."Loan lenders may tweak the packages slightly, but there isn't a massive amount of revision with any economic changes in the market."

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