One in six parents happy to remortgage in aid of children

One in six parents who remortgage their property give the money to their grown-up children with the average financial contribution of £9,050 per child. Analysis by MoneySupermarket found 34% of grownup children use the money to help buy their own home. When quizzed, 32% of parents said they would prefer to accumulate debt themselves, rather than create more money worries for their child.

The I (30/04/2019)