Financial gifts from parents and grandparents to younger family members will rise by more than £1billion, up from £8.1billion last year, Legal & General estimated.
The figures lay bare the challenges facing young homebuyers looking to get on the property ladder, the financial giant said, particularly for those who do not have family wealth to help them.
Most recent or prospective recipients of financial help said they would have had to delay home purchase without it.
One in five said it would be by more than five years, while one in 10 first-time buyers would not be able to buy at all.
Bu hikaye Daily Express dergisinin August 26, 2024 sayısından alınmıştır.
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Bu hikaye Daily Express dergisinin August 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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