‘I feel guilty parents paid for my deposit’

comedy, said buying in the capital had been possible only with the support of his parents. “Property is more expensive in London and I think many people here do get help,” he said. “Even so, there’s only me and one other in my circle of friends who are homeowners. Even for people with a lot of privilege it’s a massive amount of money.”

Mr Willis said his parents had also are the same and there re are many paid for accommod accommodation and living variables to consider. . Outside expenses during h his first year at London, the overall Bank of university and he was given dividendMum and Dad expenditure diture paying shares in the th family business. per child could be Not all are in a position p to be helped much less. by their parents. O Others choose to

But in some areas this fund the themselves as much money wouldn’t go far ar as pos possible. enough. Martin Willis, is, 28, Lau Lauren Neno, 23, is was able to buy a flat in curren currently trying to raise a east London only with th the deposit deposi to buy a house in financial support of his Leeds and wants to do so parents. He bought his without witho relying on her Parents who support their child parents for the cash. pareH worth one-bedroom £275,000, property, three rty, ee through university, get them on the Her father gave her road, pay for an internship and help years ago, using a £175,000 75,000 £1,000 £1, to start her them on to the ladder would spend gift from his parents as a savings sav pot and she has £84,632, according to Telegraph large deposit. since save saved £9,000 on her Money’s analysis. But no two families Mr Willis, who works rks in own. Miss Neno has received £30,000. Financial assistance from parents can range from giving a small amount of money to providing the full deposit. While this is often done on an informal basis, parents should consider consulting a solicitor to formalise any financial agreements, according to the Post Office, another lender.

Total cost: £31,751