37% of first-time UK home buyers now rely on the "bank of mum and dad" for financial assistance, up from 27%.

37% of first-time UK home buyers now rely on the "bank of mum and dad" for financial assistance, up from 27% a year ago. Labour's Angela Rayner criticizes the government for leaving out those without financial support, while Rishi Sunak faces accusations of locking the door on home ownership. Housing affordability is expected to remain a key issue in the upcoming election.

March 16, 2024
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