Poll: How have parents been helping kids onto the property ladder since lockdown?

First-time buyers will have to prove they have saved at least 75 per cent of the deposit from their own means.

With a limited supply of low deposit mortgages around, parental help can be one of the only ways first-time buyers can get a foothold on the first rung of the property ladder.

In this week’s Mortgage Solutions poll, we’re asking brokers how parents have been helping their children get a mortgage since the pandemic struck.

How have parents been helping their kids on to the property ladder since the pandemic?

Gifting savings

Downsizing to release equity

Joint borrower sole proprietor

Equity release

Other

• Gifting savings
  65.4%
• Downsizing to release equity
  4.7%
• Joint borrower sole proprietor
  12.1%
• Equity release
  9.3%
• Other
  8.4%

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