New figures from the debt charity, the Consumer Credit Counselling service (CCCS) say that the number of homeowners who have mortgage arrears in their 20’s has practically halved.

Further, the numbers seeking help from this group has also fallen from 4,489 in 2009 to 3,008 in 2011.

There has also been a dramatic improvement in the household budgets of CCCS’s homeowning clients in their twenties. They have gone from having a budget deficit of £15.02 in 2009 to having a budget surplus of £63.42 in 2011.

The charity attributes this improving situation to low interest rates which have seen average monthly mortgage payments for its homeowning clients in their twenties going down from £543.92 in 2009 to £471.61 in 2011.

Delroy Corinaldi, Director of External Affairs at the CCCS, says: “While many young adults are struggling to get on the property ladder, the outlook is more positive for those that are already on it.”

“Nevertheless, this is not a time for complacency as there are multiple pressures attacking their ability to pay their mortgage and many will buckle under the pressure of rising interest rates.”

There has also been a rise in young people in their twenties considering a buy-to-let investment. These buy-to-let properties tend to be at the bottom end of the price band but they return very good rental yields.

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