Fewer first time buyers rely on parents

The number of first time buyers relying on family support has dropped, according to research by Moneybox. In a survey of 1,000 would-be homeowners, the majority (76%) said they plan to buy their first home with their own savings. Just 20% expect to receive financial support from their family to help them raise a deposit and 20% of respondents hope to benefit from inheritance. 

FT Adviser (27/01/2024)