Lloyds Bank

Parents Raid Savings To Help Adult Children Buy First Home

23 October 2009

With housing affordability at its best level for six years, 70 per cent of parents with
children over the age of 18, believe now is the right time for their children to get on
the housing ladder. According to research from Lloyds TSB, one in four of these
parents (23 per cent) plans to use their savings to help their children buy their first
home and, on average, they have a total of £41,000 saved in order to provide
financial assistance to all of their children.

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