Nearly half of parents who believe their children want to become homeowners say they are willing to lend them a ‘financial hand', says the Joseph Rowntree Foundation.
According to a survey conducted by MORI on behalf of the independent social policy research and development charity , 47% say they would be able and willing to offer financial help to their offspring so they can get a foot on the property ladder. Out of these, most say they will give their children money as a gift rather than a loan, the JRF says. Some 85% of parents with a daughter or a son who has not yet bought their own home believe it is likely their child will want to purchase a home within the next 10 years, the survey reveals. Parents wishing to help their children would o...
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