New research from the Council of Mortgage Lenders (CML) reveals that up to half of all young first-time buyers may be getting help from their parents to fund their deposits. Much of this help may itself be equity from housing, being used to help a new generation onto the housing ladder.
The CML's research estimates the level of savings that first-time buyers could reasonably have accumulated, and compares this with their actual deposits. Over the past decade, the proportion of first-time buyers whose deposits were higher than their plausible savings has jumped from under to 10% to nearly 50%.
