Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Politics
Michael Savage Policy editor

Over a third of first time buyers relying on ‘bank of mum and dad’

A cluster of estate agent signs advertising properties for sale and to rent
New figures suggest there has been a significant rise in the number young house buyers turning to family for financial assistance. Photograph: Anthony Devlin/PA

Rishi Sunak has been accused of “locking the door on home ownership” and entrenching inequality, amid evidence that tens of thousands more young house buyers have been forced to turn to the “bank of mum and dad” to secure a new home.

A crisis in housing affordability is again set to be a major election flashpoint, with the prime minister already admitting in recent months that the Conservatives needed to do more to address falling home ownership rates among the young. The party has failed in its manifesto pledge to build 300,000 houses a year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.