What Mortgage
No Result
View All Result
what MORTGAGE Awards
  • Login
  • Register
Add Listing
  • Home
  • News
  • First-Time Buyers
  • Buy-to-Let
  • Homeowner’s Hub
  • Equity Release
  • wM Awards
No Result
View All Result
What Mortgage
No Result
View All Result

Four out of 10 parents fear their children will never own a home

April 19, 2017
Stephen Littleby Stephen Little
Help from the Bank of Mum and Dad

Related Posts

Testing Post to delete

by admin1
May 8, 2025
0

...

Understanding the language of conveyancing law: part two

Confused over life insurance jargon – what do the terms mean?

by admin1
April 24, 2025
0

...

Do I have to extend my lease to remortgage?

Leasehold reforms: How will they impact your home purchase?

by admin1
April 16, 2025
0

...

bank of mum and dad_webThe housing difficulty young people face getting on the housing ladder is highlighted in a new survey which found 40% of parents worry their children will never be able to buy a home.

According to Gocompare.com Money, the average age parents expect their children to leave is 25, while just over a quarter (26%), don’t think their kids will leave home until over the age of 26. 

A fifth of parents think their children have a better chance of inheriting a home than buying one. 

While many first-time buyers rely on the Bank of Mum and Dad to help towards the cost of their home, almost a quarter (24%) of parents said that they were unable to offer any financial help at all.

Just over half (51%) said they would like to help, but doing so would leave them short of savings. Just 19% said they could comfortably afford to help their children buy a home.

In order to help increase their prospects of home ownership, over a third (34%) of parents would suggest that their children move to a cheaper area, while 9% said they would go as far as to encourage their kids to emigrate and buy abroad. 

While the outlook for their children’s home ownership prospects might be bleak, when one door closes, another opens.

Nearly half (48%) thought their children should go and see the world before worrying about buying a home while 21% would tell their children to rent instead of buying. 

However, 23% of parents admitted that knowing their children may never be able to afford their own home left them feeling angry.

Matt Sanders, from Gocompare.com Money, said: “There are a variety of explanations why many twenty-somethings are not financially independent from their parents and continue to live under the same roof – sometimes well into adulthood.

“Young people are more likely to stay in full-time education than previous generations, and while they benefit from a university education, tuition fees mean they are saddled with more debt.  Over the last decade or so, house prices have risen as have the size of mortgage deposits lenders require – however wages have remained relatively static. As a result, Millennials’ experience with home ownership has been very different to previous generations.

“Millennials keen to fly the nest could benefit from a tax-free Lifetime ISA.  Available from April 2017, Lifetime ISAs can only be opened if you’re between the ages of 18 and 40 and are designed to help the under 40s put cash aside for either their first house or a pension.

“Savers can contribute up to £4,000 within a tax year, which will then be boosted with a Government bonus of 25% – but only if the money is used to buy a first-home or for retirement from the age of 60.  So, savers paying in the maximum allowance in one year will earn an extra £1,000 tax free – or to put it another way, £1 is added for every £4 saved.

“A Lifetime ISA has to be held for a year before you can put your savings towards the cost of your first home. This means that anyone looking to buy within the next 12 months could consider taking out a Help-to-Buy Isa where the savings bonus is paid out on completion.”

 What Mortgage has teamed up with London & Country to offer you expert advice on the right mortgage deal.

Whether you’re buying a new home, remortgaging to a new deal or buying an investment property, L&C can help – and you’ll pay no fee for their advice. To find out more, click here.

 

Tags: bank of mum and dad
ShareTweetPin

Our recommended tools

Mortgage Calculators

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Mortgage Match

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Mortgage Best Buys

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Mortgage Search

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Next Post
House prices rising twice as fast as wages

Homebuyer activity surges to 10-year high

  • Home
  • Features
  • First-Time Buyer
  • Buy-to-Let
  • Remortgage
  • Equity Release
  • Insurance
  • Home Buying
  • Property Market
  • what MORTGAGE Awards
  • Podcasts
  • Advice Archive
  • Essentials
  • Advertise
  • packages

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

[MBM_Form id="284841"]

Buying a property, moving home or re-mortgaging? Sign up to our newsletter and marketing emails, and we'll send all the latest mortgage news, top tips, expert advice and what MORTGAGE Awards updates straight to your inbox.

I am a...*
First Name*
Email*
First Name*
Last Name*
Email*
Company
Job Title
I would like to receive...
[MBM_Form id="284841"]

Buying a property, moving home or re-mortgaging? Sign up to our newsletter and marketing emails, and we'll send all the latest mortgage news, top tips, expert advice and what MORTGAGE Awards updates straight to your inbox.

I am a...*
First Name*
Email*
First Name*
Last Name*
Email*
Company
Job Title
I would like to receive...
No Result
View All Result
  • 2013 Awards Nominees
  • 2014 What Mortgage Awards nominations – voting now open!
  • 2016 What Mortgage Awards
  • 2021 What Mortgage Awards – Call for nominations
  • 2021 What Mortgage Awards – Nominee shortlist revealed
  • 2025 what MORTGAGE Awards: About
  • Aberdein Considine
  • About House Price Data
  • About us
  • Add Listing
  • Add Profile listing
  • Advertise
  • Advice
    • Ask the Experts
      • Halifax
      • Mortgages for Business – Buy-to-Let
      • Virgin Money
    • Book Reviews
      • Retire Early Retire Wealthy by Roly Weaver
      • Sorting Out Your Finances For Dummies
    • Rebekanomics
      • April 2014 – Rebekanomics
      • August 2013 – Rebekanomics
      • December 2013 – Rebekanomics
      • February 2014 – Rebekanomics
      • January 2014 – Rebekanomics
      • July 2013 – Rebekanomics
      • July 2014 – Rebekanomics
      • June 2013 – Rebekanomics
      • June 2014 – Rebekanomics
      • May 2014 – Rebekanomics
      • November 2013 – Rebekanomics
    • September 2013 – Rebekanomics
  • AOL Webmail
  • Apple Mail
  • April 2017 Buy to Let Mortgage Advice
  • April 2017 Residential Mortgage Advice
  • Ask the expert
  • Awards
  • Best Buys
  • Best Buys
  • Best Buys – Equity Release
  • Buy-to-Let Mortgage Advice
  • Buy-to-let mortgages
  • Calculators
    • How much can i borrow on a buy to let mortgage?
    • How much can I borrow?
    • How much rent should I charge?
    • How much stamp duty will I pay?
    • How much will my payments be?
    • What if I overpay my mortgage
  • Cart
  • Checkout
  • Contact Us
  • Dashboard
  • Directory landing page
  • Directory of Lending Criteria
  • Discount Tables
  • Energy performance certificates (EPCs)
  • Equity Release
  • Equity Release Calculator
  • Equity Release Mortgage Advice
  • Equity Release Supermarket Archive Page
  • Equity Release Supermarket: Equity Release Mortgage Advice – April 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – April 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – April 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – April 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – August 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – August 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – August 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – August 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – December 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – December 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – December 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – December 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – February 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – February 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – February 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – February 2023
  • Equity Release Supermarket: Equity Release Mortgage Advice – January 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – January 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – January 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – January 2023
  • Equity Release Supermarket: Equity Release Mortgage Advice – July 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – July 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – July 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – July 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – June 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – June 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – June 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – June 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – March 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – March 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – March 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – May 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – May 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – May 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – May 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – November 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – November 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – November 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – November 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – October 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – October 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – October 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – October 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – October 2022
  • Equity Release Supermarket: Equity Release Mortgage Advice – September 2019
  • Equity Release Supermarket: Equity Release Mortgage Advice – September 2020
  • Equity Release Supermarket: Equity Release Mortgage Advice – September 2021
  • Equity Release Supermarket: Equity Release Mortgage Advice – September 2022
  • Essential Links
  • Essentials
    • At a glance
      • First-time buyers
      • Home selling
      • Offset mortgages
    • Fact file
      • If things go wrong
      • Making an offer
      • Repaying debts
      • The costs
      • Which mortgage is right for me?
    • Guides
      • Home buyer’s checklist
      • Home mover’s checklist
      • Home seller’s checklist
  • Events
  • Feature – What is mortgage protection and do I need it?
  • Featured finalists
  • Featured Winners: what MORTGAGE Awards 2024
  • February/March Buy to Let Mortgage Advice
  • Fixed Tables
  • Flexible
  • Gmail
  • Home
  • Home insurance
  • House Price Finder
  • House Price Search
  • How do I find a good estate agent to sell my home?
  • How much can I borrow?
  • How Much Is My House Worth?
  • January Feature – What’s a mortgage broker and how do you find one to help you?
  • June 2017
  • Life insurance
  • Login or Register
  • May 2017
  • MBM Directory Search Form
  • Media Information 2018
  • Microsoft Outlook
  • Mortgage Business expo
  • Mortgage Enquiry
  • Mortgage for Business – June 2017
  • Mortgage for Business – May 2017
  • Mortgage Match
  • Mortgages for Business – Residential
  • Mortgages for Business: Buy to Let Mortgage Advice – April 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – April 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – April 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – April 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – April 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – August 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – August 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – August 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – August 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – August 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – December 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – December 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – December 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – December 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – December 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – February 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – February 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – February 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – February 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – February 2023
  • Mortgages for Business: Buy to Let Mortgage Advice – January 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – January 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – January 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – January 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – July 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – July 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – July 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – July 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – June 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – June 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – June 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – June 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – June/July 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – March 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – March 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – March 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – March 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – March 2023
  • Mortgages for Business: Buy to Let Mortgage Advice – May 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – May 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – May 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – May 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – May 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – November 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – November 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – November 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – November 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – November 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – October 2017
  • Mortgages for Business: Buy to Let Mortgage Advice – October 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – October 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – October 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – October 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – October 2022
  • Mortgages for Business: Buy to Let Mortgage Advice – September 2017
  • Mortgages for Business: Buy to Let Mortgage Advice – September 2018
  • Mortgages for Business: Buy to Let Mortgage Advice – September 2019
  • Mortgages for Business: Buy to Let Mortgage Advice – September 2020
  • Mortgages for Business: Buy to Let Mortgage Advice – September 2021
  • Mortgages for Business: Buy to Let Mortgage Advice – September 2022
  • Mortgages for Business: Buy to Let Mortgage Advice: March 2018
  • Mortgages for Business: Residential Mortgage Advice – April 2018
  • Mortgages for Business: Residential Mortgage Advice – April 2019
  • Mortgages for Business: Residential Mortgage Advice – April 2020
  • Mortgages for Business: Residential Mortgage Advice – April 2021
  • Mortgages for Business: Residential Mortgage Advice – April 2022
  • Mortgages for Business: Residential Mortgage Advice – August 2018
  • Mortgages for Business: Residential Mortgage Advice – August 2019
  • Mortgages for Business: Residential Mortgage Advice – August 2020
  • Mortgages for Business: Residential Mortgage Advice – August 2021
  • Mortgages for Business: Residential Mortgage Advice – August 2022
  • Mortgages for Business: Residential Mortgage Advice – December 2018
  • Mortgages for Business: Residential Mortgage Advice – December 2019
  • Mortgages for Business: Residential Mortgage Advice – December 2020
  • Mortgages for Business: Residential Mortgage Advice – December 2021
  • Mortgages for Business: Residential Mortgage Advice – December 2022
  • Mortgages for Business: Residential Mortgage Advice – February 2019
  • Mortgages for Business: Residential Mortgage Advice – February 2020
  • Mortgages for Business: Residential Mortgage Advice – February 2021
  • Mortgages for Business: Residential Mortgage Advice – February 2022
  • Mortgages for Business: Residential Mortgage Advice – February 2023
  • Mortgages for Business: Residential Mortgage Advice – January 2019
  • Mortgages for Business: Residential Mortgage Advice – January 2020
  • Mortgages for Business: Residential Mortgage Advice – January 2021
  • Mortgages for Business: Residential Mortgage Advice – January 2022
  • Mortgages for Business: Residential Mortgage Advice – January 2023
  • Mortgages for Business: Residential Mortgage Advice – July 2019
  • Mortgages for Business: Residential Mortgage Advice – July 2020
  • Mortgages for Business: Residential Mortgage Advice – July 2021
  • Mortgages for Business: Residential Mortgage Advice – July 2022
  • Mortgages for Business: Residential Mortgage Advice – June 2019
  • Mortgages for Business: Residential Mortgage Advice – June 2020
  • Mortgages for Business: Residential Mortgage Advice – June 2021
  • Mortgages for Business: Residential Mortgage Advice – June 2022
  • Mortgages for Business: Residential Mortgage Advice – June/July 2018
  • Mortgages for Business: Residential Mortgage Advice – March 2018
  • Mortgages for Business: Residential Mortgage Advice – March 2019
  • Mortgages for Business: Residential Mortgage Advice – March 2020
  • Mortgages for Business: Residential Mortgage Advice – March 2021
  • Mortgages for Business: Residential Mortgage Advice – March 2022
  • Mortgages for Business: Residential Mortgage Advice – March 2023
  • Mortgages for Business: Residential Mortgage Advice – May 2018
  • Mortgages for Business: Residential Mortgage Advice – May 2019
  • Mortgages for Business: Residential Mortgage Advice – May 2020
  • Mortgages for Business: Residential Mortgage Advice – May 2021
  • Mortgages for Business: Residential Mortgage Advice – May 2022
  • Mortgages for Business: Residential Mortgage Advice – November 2018
  • Mortgages for Business: Residential Mortgage Advice – November 2019
  • Mortgages for Business: Residential Mortgage Advice – November 2020
  • Mortgages for Business: Residential Mortgage Advice – November 2021
  • Mortgages for Business: Residential Mortgage Advice – November 2022
  • Mortgages for Business: Residential Mortgage Advice – October 2017
  • Mortgages for Business: Residential Mortgage Advice – October 2018
  • Mortgages for Business: Residential Mortgage Advice – October 2019
  • Mortgages for Business: Residential Mortgage Advice – October 2020
  • Mortgages for Business: Residential Mortgage Advice – October 2021
  • Mortgages for Business: Residential Mortgage Advice – October 2022
  • Mortgages for Business: Residential Mortgage Advice – September 2017
  • Mortgages for Business: Residential Mortgage Advice – September 2018
  • Mortgages for Business: Residential Mortgage Advice – September 2019
  • Mortgages for Business: Residential Mortgage Advice – September 2020
  • Mortgages for Business: Residential Mortgage Advice – September 2021
  • Mortgages for Business: Residential Mortgage Advice – September 2022
  • MPPI
  • My account
  • Newsletter new e-shot
  • Newsletter sign-up process
  • Newsletter Signup
  • Nominations for the 2017 What Mortgage awards is now open
  • Nominations for What Mortgage Awards 2016 now open
  • October 2013 – Rebekanomics
  • Outlook.com
  • packages
  • Profile
  • Profile: The Insurance Surgery
  • Q&A’s: Principality
  • Q&A’s: Purple Bricks Mortgages
  • Receive a free copy
  • Register your interest: what MORTGAGE Awards 2025
  • Remortgage
  • Remortgaging
  • Residential Mortgage Advice
  • Safe Sender instructions
  • Search results
  • Shop
  • Sitemap
  • Test page to be deleted
  • Thunderbird
  • Two factor authentication [2FA] Setup
  • Virgin – June 2013
  • Website feedback
  • Weekly What Mortgage newsletter Thank you
  • what MORTGAGE Awards
    • 2011 Awards Nominees
    • 2011 Awards Results
    • 2012 Awards
    • 2012 Awards Nominations
    • 2012 Awards Results
    • 2012 Nomination Spotlights
    • 2013 What Mortgage Awards – Winners
    • 2014 What Mortgage Awards – Winners
    • 2015 What Mortgage Awards – Winners
    • 2016 What Mortgage Awards – Winners
    • 2017 What Mortgage Awards – Winners
    • 2018 What Mortgage Awards – Winners
    • 2019 What Mortgage Awards – Winners
    • 2020 What Mortgage Awards – Winners
    • 2021 What Mortgage Awards – Winners
    • 2022 What Mortgage Awards – Nominee shortlist revealed
    • 2022 What Mortgage Awards – Winners
    • 2023 What Mortgage Awards
    • 2023 What Mortgage Awards – Nominations now open!
    • 2023 What Mortgage Awards – Nominee shortlist revealed
    • 2023 What Mortgage Awards – Winners
    • 2024 What Mortgage Awards – Nominee shortlist revealed
    • Award Winners 2009
    • Enter your nominations for the 2022 What Mortgage Awards
    • Personal Finance Awards 2010 – Winners/Highly Commended
    • Personal Finance Awards 2010/11 Nominees
    • What Mortgage Awards 2011 Nominees
  • what MORTGAGE Awards – Thank you
  • What Mortgage Awards 2018 – Nominee Shortlists announced
  • What Mortgage Awards 2020 nominee shortlists revealed
  • what MORTGAGE Awards 2024: Winners revealed
  • what MORTGAGE Awards 2025: Nominations
  • what MORTGAGE Awards 2025: Voting
  • What Mortgage Awards: Help us find the best in the business
  • What Mortgage Service Standard Awards 2015
  • What Mortgage TV
  • WM newsletters
  • wmhome
  • Yahoo

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.