Saturday, 15 March 2014

Family wealth more than ever influences ability to buy own house

80% of first-time house buyers depend on ‘Bank of Mum and Dad’

Download the full pdf here

Explaining the data:
The main figure comes from the Council of Mortgage Lenders from Dec 2011, newsandviews/104/390. The restriction to those under-30 is because at older ages people are more likely to be ‘returners’ (i.e. we are less confident that they are truly first-time buyers). 


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