Wednesday, 31 October 2012

Half of parents who help children buy house expect money to be repaid | Mail Online

Half of parents who help children buy house expect money to be repaid | Mail Online

Roughly half of parents who help finance their children's aspirations to get on the housing ladder expect the money to be paid back.
And of those who do want the money back, a whopping 73 per cent expect interest, a report from High Street bank HSBC revealed today.
The survey of first-time buyers showed that around a fifth had received family finance in the last year, as the struggle to save for a deposit continues to be the biggest hurdle when attempting to step onto the property ladder.
Family financing: Without parental help, 19% of first-time home purchases wouldn't have happened in the last three years, HSBC claims
Family financing: Without parental help, 19% of first-time home purchases wouldn't have happened in the last three years, HSBC claims



No comments:

Post a Comment