3 Ways to Help Your Child on to the Property Ladder

Mortgage Matters: House prices have soared in recent years and the chance of owning a property may seem out of reach for many young people. Here's how parents can help

Faith Glasgow 6 April, 2021 | 11:11AM
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There a a host of market factors at play working against first-time house buyers: rising property prices are making affordability a growing issue, a lack of mortgages for those without huge deposits, and high rental costs make it hard to save. No wonder that first-time buyers these days are increasingly reliant on help from the Bank of Mum and Dad (BoMaD)

Recenet research by Legal & General found parents helped more than half of FTBs under 35 to get a toe on the property ladder last year. Seven in 10 buyers said they would otherwise have had to delay their plans to purchase by an average four years.

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About Author

Faith Glasgow  Faith Glasgow is a freelance journalist specialising in pensions and investment trusts

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