POUND NOTES
YOUNGER GENERATION ‘FEELING GUILT OVER BANK OF MUM AND DAD’
TWO thirds of young people expecting support from the “bank of mum and dad” to get on the property ladder feel guilty about relying on their family, a report has found.
Some 66% of 18-to-40-year-olds expecting financial help from family members to buy their first home feel this sense of guilt, according to the findings from Yorkshire Building Society.
More than half (59%) of would-be home owners expect to receive financial help from parents or other family members in order to buy a property, the research found.
£15,000 ‘IS THE AVERAGE COST OF TRANSFORMING A HOUSE INTO HOME’
BRITONS spend an average of just over £15,000 transforming a new house into a home, research suggests.
Home owners typically spend £15,419 putting their own stamp on a property after they first move into it, a survey from Sarah Beeny’s estate agent Tepilo.com found.
The living room is most likely to be tackled first after moving in, followed by the kitchen and main bedroom, the research found.
COULD YOU MAKE SAVINGS BY PAYING INSURANCE ANNUALLY?
PEOPLE who pay their insurance in monthly instalments, rather than annually, are a third less likely to switch provider.
Research from Gocompare has found they are paying an average £144 more for car insurance and £113 more for home insurance as a result.
While paying monthly helps to spread the cost, it comes at a premium because fees and interest are added – often hidden in the total monthly cost.
This leaves monthly payers trapped in a vicious circle, sticking with a bad deal and then paying more in interest and charges for the privilege.