Saving up a deposit is “the biggest barrier to buying a property”, Hargreaves Lansdown head of personal finance, Sarah Coles, has argued. She said one solution would be parents putting aside a certain amount each month as a future deposit for their child. Acknowledging the current home buying landscape, Coles said: “How is anyone supposed […]
19 August 2024 Bank of mum and dad funds...
The bank of mum and dad funded £9.4bn worth of property purchases in 2023, research from Savills has found. This represents a twofold increase since 2019 which, the estate agency said, indicates a more stringent mortgage market and higher mortgage rates. The report found a total of 164,000 first-time buyers had family assistance in 2023, […]
