The average parent is contributing £5,784 to their children’s first house deposit, research has shown.
According to Abbey
Parents are not only helping their offspring financially, it was revealed, as the average mother or father spends around 17.8 hours in assisting with the choice of first home and 22.5 hours with moving in.
Following reports last week that the last few 125 per cent
Nici Audhlam-Gardiner, head of the firm, commented: “Because house prices have increased so much over the past few years, buying that first home is also a bigger and more daunting investment than it was for the previous generation so guidance is undoubtedly needed.”
© Adfero Ltd