kıbrıs ingiltere londra lefkoşa
DOLAR
32,7864
EURO
35,2359
STERLIN
41,7379
BITCOIN
$66.624
Adana Adıyaman Afyon Ağrı Aksaray Amasya Ankara Antalya Ardahan Artvin Aydın Balıkesir Bartın Batman Bayburt Bilecik Bingöl Bitlis Bolu Burdur Bursa Çanakkale Çankırı Çorum Denizli Diyarbakır Düzce Edirne Elazığ Erzincan Erzurum Eskişehir Gaziantep Giresun Gümüşhane Hakkari Hatay Iğdır Isparta İstanbul İzmir K.Maraş Karabük Karaman Kars Kastamonu Kayseri Kırıkkale Kırklareli Kırşehir Kilis Kocaeli Konya Kütahya Malatya Manisa Mardin Mersin Muğla Muş Nevşehir Niğde Ordu Osmaniye Rize Sakarya Samsun Siirt Sinop Sivas Şanlıurfa Şırnak Tekirdağ Tokat Trabzon Tunceli Uşak Van Yalova Yozgat Zonguldak
LONDRA
Açık
21°C
LONDRA
21°C
Açık
Salı Kapalı
21°C
Çarşamba Parçalı az bulutlu
="http://www.w3.org/2000/svg" viewBox="0 0 300 300" enable-background="new 0 0 300 300">
22°C
Perşembe Hafif yağmur
="http://www.w3.org/2000/svg" viewBox="0 0 300 300" enable-background="new 0 0 300 300">
17°C
Cuma kapalı
="http://www.w3.org/2000/svg" viewBox="0 0 300 300" enable-background="new 0 0 300 300">
20°C

Bank of mum and dad funding a quarter of home purchases, says report

Young homebuyers are increasingly reliant on funding from friends and family, which is this year expected to rise to £6.5bn.

Bank of mum and dad funding a quarter of home purchases, says report
10.05.2017
0
A+
A-

Young homebuyers are increasingly reliant on funding from friends and family, which is this year expected to rise to £6.5bn.

The “bank of mum and dad” now helps fund more than a quarter of property purchases, according to new research.

Figures from Legal & General and economics consultancy Cebr suggest young homebuyers are increasingly reliant on their parents, with family and friends expected to lend more than £6.5bn in 2017 for purchases, up from £5bn last year. The money is helping to provide deposits for more than 298,000 mortgages to help buy homes worth £75bn, and means the bank of mum and dad is involved in 26% of transactions.

That puts it on a par with the UK’s ninth biggest mortgage lender, Yorkshire Building Society, according to the report. Legal & General chief executive Nigel Wilson said: “The bank of mum and dad continues to grow in importance in helping young people take early steps onto the housing ladder.”

But he said that while this was a testament to parents’ generosity as their children get on or move up the housing ladder it was also a symptom of the “broken housing market”, with not enough homes being built.

Mr Wilson pointed to the affordable housing, defined benefit pensions schemes and free university education that helped older generations but was no longer available to their children.

The new figures indicate that while in 2016 a third of prospective homeowners received financial help from friends and family, the level is set to jump to 42% this year.

Meanwhile the scale of assistance has risen from an average £17,500 to £21,600 and millennials – those under 30 – are the biggest recipients of the funding, the report said. However the bank of mum and dad is set to fund a smaller number of purchases in 2017 – down from 306,000 to 298,000 – but only because overall housing market transactions are down, it added.

Yorumlar

Henüz yorum yapılmamış. İlk yorumu yukarıdaki form aracılığıyla siz yapabilirsiniz.