More than Half of Parents Give Rent Back to Help Children Buy First Home

More than half of parents give rent back to help children buy first home

More than half of parents give rent back to help kids buy first home

Just over a third (34%) say their children are living at home specifically to save up enough funds to buy their first property - but 45% of parents feel like a landlord to their own child

54% of parents ‘return rent paid by adult children to help them save a deposit’

Parents who charge their adult children rent typically receive more than £300 per month, Nationwide Building Society said.