Briefing • 14 March 2014
Briefing 22: Most first-time house-buyers depend on the ‘Bank of Mum and Dad’
Young people now need wealthy parents if they want to own their own home
Download the full pdf here
Explaining the data:
The main figure comes from the Council of Mortgage Lenders from Dec 2011, http://www.cml.org.uk/cml/publications/ newsandviews/104/390. The restriction to those under-30 is because at older ages people are more likely to be ‘returners’ (i.e. we are less confident that they are truly first-time buyers).
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