37% of first-time UK buyers now rely on parental financial assistance, up from 27%, as housing affordability declines.
37% of first-time UK buyers now rely on parental financial assistance, up from 27% previously, as the UK housing market becomes more unaffordable. The increase has led to claims that the government is hindering home ownership for those without financial support. The Resolution Foundation warns that this trend could exacerbate existing inequalities, as families with higher incomes benefit more from assistance.
March 16, 2024
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