The bank found that 32% of those moving on from their first property needed an average of £21,231 to complete the move. But many require a lot more according to brokers.

Michael Lawlor, mortgage adviser at Mortgage Advice Bureau, commented: “Where I am based in Finchley Central, we see huge family support as the property prices are unaffordable against incomes unless applicants are given big help.”

He added: “We also see this a lot with couples moving from their first purchase, which is generally a flat to purchase a house, as the cost of moving has become so prohibitive. It is not unusual for me to arrange a mortgage where parents are helping out with in excess of £100,000.”

Lloyds Bank found that 35% of second steppers said that without financial help of some sort, they would not be able to make their next move. The research also discovered that almost a quarter of first time sellers (23%) put off having kids until they have sold their first home.

One in four Second Steppers think it is now harder to move up the property ladder than to get on it in the first place. As such, 41% have been overpaying their mortgage to increase their equity and a third (34%) have increased the amount that they save every month. The research also revealed that 65% have either continued to save or started to save since they moved into their first property.

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Andy Mason, mortgage director at Lloyds Bank, said: “Without this extra financial support, second steppers believe that they would not be able to make the next move on the property ladder for some time.”

He concluded: “However, it is encouraging to see many second steppers planning ahead by overpaying their mortgage and making bigger contributions into savings accounts to prepare for when the perfect home becomes available.”