Help From The Bank of Mum & Dad

Two thirds (66%) of potential first-time buyers feel guilty about receiving help from family to complete their purchase.

The first-time buyers report by Yorkshire Building Society, which Accord Mortgages is a part of, shows 66% aged 18-40 would feel remorseful about leaning on financial support from the Bank of Mum and Dad.

Relying on family members is becoming the norm according to the report, with 59% of prospective homeowners expecting to receive financial support to buy a property, and a third (31%) expecting to receive financial help with their deposit.