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The "bank of mum and dad" just isn't sufficient for first-time buyers

First-time buyers still need to raise an eyewatering £36,000 to get their foot on the property ladder. Even with the help of "bank of mum and dad" (latest data from Legal & General reveals)


Bank of mum and dad helped to fund an estimated 318,400 purchases in 2023, with families lending first-time buyers £8.14 billion to facilitate them getting on the ladder.


To compound the issue for our future generation trying to finding a home - rental properties are few and far between and rental payments have rocketed, for many, to an unaffordable level.


Which government is going to help with this HUGE problem?



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