Parents Plough Over 1 Billion Into the UK Housing Market

It is well known that many young people are struggling to get on the property ladder and are having to turn to their family, specifically their parents, to help raise the deposit and often guarantee a mortgage. However, the scale of funding given by parents to their children to allow them to buy a house was not really appreciated until now. According to new research by the Equity Release Council, in the last five years over 228,000 young people have been helped on to the property ladder by...

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