Consumer Corner: Are you 'generation late'? Here's what you need to know about buying a home 

Is it ever too late to buy a house and what are the challenges that you might face?

Pic: iStock

As an election looms in the coming weeks the big topic facing politicians is housing. One of the main questions being asked is how are people able to afford a home these days? 

The challenges that many people face when buying a home will mean that many are becoming homeowners later in life.