Blog Post

1 in 10 home buyers rely on help from family and friends

TomS - Head Tom Simper Aug 29, 2024, 11:00 AM

High mortgage rates and rising prices have led more buyers to seek alternative financial support to enter the market or move up the housing ladder.

The latest Survey of English Housing shows that in 2022/23, 1 in 10 homeowners relied on financial help from friends and family to buy their home, an increase from 1 in 15 homeowners a decade ago.

The use of personal savings as a financing method has significantly increased, with nearly half of all buyers relying on savings, up from 39% ten years ago. Source: Dataloft by PriceHubble, English Housing Survey, showing all owner occupiers who bought their own home, respondents could cite more than one source

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Very good estate agency"

- Junaid

"I found Sean to be an understanding and friendly guy"

- Mike

"Abbey was very polite, helpful and informative, very professional."

- Robert

"The staff at Peter Anthony could not have been more helpful. The team are well led by Gill."

- Steve

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar

"Yaseen has been fantastic very helpful and good communication all the way through"

- Kate Dawson

"We would like to give a special thanks to the newest member of staff Aleaya"

- Daniel

"Friendly and helpful. No problems everything ran smoothly as expected and professionally."

- David