London first-time buyers with family help put down £224k deposits

London first-time buyers with family help put down £224k deposits

"For many people under the age of 30, homeownership is not a realistic aspiration"

First-time buyers with help from Bank of Mum and Dad buy more expensive homes

First-time buyers with Bank of Mum and Dad support have lower incomes, buy more expensive properties and are younger than their unassisted counterparts.

Revealed: The cost of running the Bank of Mum and Dad

Parents of children buying homes in certain parts of the country will need to spend significantly more to help their kids onto the property ladder.

UK Finance reveals how Bank of Mum and Dad impacts FTB market – Mortgage Finance Gazette

New data from UK Finance emphasises the impact of family financial support in the first-time buyer (FTB) market – typically referred to as the ‘Bank of Mum and Dad’. UK Finance looked at assisted and unassisted buyers in terms of deposits, age, household income and… The post UK Finance reveals how Bank of Mum and Dad impacts FTB market appeared first on Mortgage Finance Gazette.

UK Finance reveals how family support impacts FTB market – Mortgage Strategy

New data from UK Finance emphasises the impact of family financial support in the first-time buyer (FTB) market – typically referred to as the ‘Bank of Mum and Dad’. UK Finance looked at assisted and unassisted buyers in terms of deposits, age, household income and purchase price in 2024 and found marked differences

Bank of Mum and Dad first-time buyers are younger with lower incomes and more expensive properties, UK Finance says

The post Bank of Mum and Dad first-time buyers are younger with lower incomes and more expensive properties, UK Finance says appeared first on Mortgage Solutions.