5th December 2024
High living costs are impacting parents’ ability to help fund their children’s deposit, impacting three out of five (59%) first-time buyers.
High living costs are impacting parents’ ability to help fund their children’s deposit, impacting three out of five (59%) first-time buyers.
Research estimates the average salary needed to buy a house in the UK is over £59,000.
1 in 10 found the process too daunting to apply or didn’t know enough about it.
Nationwide is also the first major lender to offer a sub-5% rate on its standard range to those with a 5% deposit.
42% of all homes bought by buyers under 55 years old received support from the ‘Bank of Family’.
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