Parents must factor in kids when buying property

Research commissioned by the investment planners has revealed that an estimated 5.5 million parents have provided financial support to aid their children with their first property purchase. This amounts to an overall total of around £116bn, with an average contribution of £20,921 per child. Meanwhile, one in three UK parents intends to help their children in this way, with an average contribution of £22,401 per child. Helping children onto the property ladder is most prevalent amongst the wealthiest households nationwide, where two thirds of parents have either given, or intend to giv...