First time buyers, beware

Claer Barrett

Are your children banging on the doors of the Bank of Mum'n'Dad? Recent research from industry lobby group the Home Builders Federation shows that 80 per cent of first time buyers receive some kind of financial help from their parents. For the remainder whose whose parents are less rich, or less generous, the average age is 38. So if you want your ageing brood out from under your feet, the temptation is to plug the deposit gap.

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