Eight Out of ten first-time buyers rely on parental help to raise massive deposits.
2 years ago
Two years ago figures showed that less than four in ten first time buyers received help from the " Bank of Mum and Dad " to fund their deposits. Today it is eight in ten a huge jump in the figures.
They face huge difficulties despite plummeting property prices and historically low interest rates,which were held at 0.5% by the Band of England This Week
Despite the billions poured into Britain's Banks,First time buyers are still finding it difficult to get a mortgage unless they can provide a huge deposit.