Parents who help children with deposits contribute £58,000 on average. But sons receive over £65,000, while daughters receive £52,000.
Two-thirds of first-time buyers since 2019 had help from family members
And parents contributed an eye-watering £58,000 on average
But daughters received £52,000, whereas sons collected £65,000
Half of those who had help said parents interfered, with a fifth wishing they hadn’t accepted the offer
Meanwhile, financially supported FTBs managed to buy 6 years earlier at the age of 32, compared to 39 for those who didn't
Nearly two-thirds of first-time buyers (FTBs) since 2019 received financial support from their families.
And for homeowners who are under 30, 76% accepted help, according to our latest analysis.
Three quarters of financially supported FTBs had help from their parents - totalling a massive £58,129 on average.
The average UK first time buyer deposit is £60,100.
However all is not equal, with daughters receiving £52,000 towards their first property, while sons received £65,000, a difference of £13,000.
We wonder what the reason is for the difference in contribution? If you have any thoughts, be sure to let us know.
