Boomerang buyers: 80% of first-time buyers ‘moved back in with parents first’

The huge number of first-time buyers relying on parents for a deposit revealed

The vast majority of first-time buyers are now leaning on parents, research shows

Four in five first-time buyers moved back in with parents to get on property ladder, research reveals

Four in five (80%) recent first-time buyers moved back in with parents to get onto the property ladder, according to research for a bank.

Boomerang buyers: 80% of first-time buyers ‘moved back in with parents first’

On average, recent first-time buyers said they had saved for nearly three years, according to TSB.

Report Says 80 Percent of First Time Buyers Moved Back in With Parents - Celebrity Angels

A survey by the TSB says that 80 percent of first-time buyers moved back in with their parents to be able to afford to get on the property ladder. An ever higher proportion, 96 percent of first-time buyers received financial help with their deposit – 68% from family, and 57% from friends. The TSB report also says that 75% of first-time buyers scaled back on their property to buy in a preferred location. The average age of first-time buyers is up…

80% of FTBs move back in with parents to get on housing ladder, survey reveals

80% of first-time buyers (FTBs) have moved back in with parents to get on the housing ladder, research from TSB revealed. Most said compromise and location were important, with 75% choosing fewer bedrooms, a smaller home or less outdoor space to buy in a preferred postcode. 38% said their new home was mostly what they wanted with a few compromises.  22% said they had bought their dream home and 9% said they had made a major compromise, choosing …