A survey indicates that over 60% of first-time home buyers utilized their own savings for a house deposit. Additionally, 53% of these buyers received financial assistance from their family to help fund the deposit.
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Majority of first-time home buyers receive family support for deposits
A recent survey reveals that more than three in five first-time home buyers relied on their own savings for a house deposit, while 53% received support from family members. This highlights the role of familial assistance in the home buying process.
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Majority of first-time home buyers need Bank of Mum and Dad... but typically save £24,261 themselves
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Majority of first-time home buyers receive family support for deposits
