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You can find the current article at its original source at https://www.theguardian.com/money/2017/may/02/are-your-parents-helping-you-to-buy-your-first-home

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Are your parents helping you to buy your first home? Are your parents helping you to buy your first home?
(1 day later)
Financial assistance from parents for children attempting to buy their first home has risen from an average of £17,000 in 2016 to £21,600 this year.Financial assistance from parents for children attempting to buy their first home has risen from an average of £17,000 in 2016 to £21,600 this year.
Parents are expected to lend their children more than £6.5bn this year to help them get on to the property ladder, according research by Legal & General and economics consultancy Cebr. Parents are expected to lend their children more than £6.5bn this year to help them get on to the property ladder, according to research by Legal & General and economics consultancy Cebr.
The ‘bank of mum and dad’ shows “intergenerational inequality” widening among those who can afford to help their children and those who can’t. L&G has called for more affordable housing in a bid to repair “our broken housing market.”The ‘bank of mum and dad’ shows “intergenerational inequality” widening among those who can afford to help their children and those who can’t. L&G has called for more affordable housing in a bid to repair “our broken housing market.”
Share your experiencesShare your experiences
If you are someone who is a first-time buyer we’d like to hear about your experiences of asking your parents for financial help. What was their response when you asked them? Are you planning on paying them back?If you are someone who is a first-time buyer we’d like to hear about your experiences of asking your parents for financial help. What was their response when you asked them? Are you planning on paying them back?
Perhaps they are unable to help financially and you have given up trying to buy. If you’re a parent we’d also like to hear from you. Did you have any concerns about lending your child money? If you’ve not been able to help financially, how has it made you feel about the housing market in the UK?Perhaps they are unable to help financially and you have given up trying to buy. If you’re a parent we’d also like to hear from you. Did you have any concerns about lending your child money? If you’ve not been able to help financially, how has it made you feel about the housing market in the UK?
Share your experiences with us in the form below. We will do our best to keep you anonymous if you wish.Share your experiences with us in the form below. We will do our best to keep you anonymous if you wish.