Tag: affording first home
December 19 2021
Lending by bank of mum and dad reaches a record £10 billion
Research by estate agent Savills has found that the bank of mum and dad will finance nearly half of all first-time buyer purchases this year. The study found that total contributions are likely to reach £9.8 billion, which is equal to an average of just over £58,000 each for an estimated 169,000 first-time purchases. This...
April 19 2021
Home ownership rates falling among younger people
Research has found that the number of people below the age of 45 who own their own home has fallen by more than a tenth over the past decade. The English Housing Survey is a continuous national survey commissioned by the Ministry of Housing, Communities and Local Government. Comparing the figures for 2019/20 with those...
