Do to the rising cost of homes in the UK many first time home buyers are stuck waiting years to save for a proper down payment. If they don’t have the time to lose they are often turning to their parents for a loan. Figures show that 20% more people are turning to their parents for help with getting their first home then six years ago. The age of first time home buyers is also rising for various reasons from cost, to starting families later, to living with mom and dad longer.
Read more: House price rises exceeded earnings in a third of UK – The Week UK