More than half (53%) of people aged 18 to 44 feel they will not get on the property ladder without financial help from their parents, according to a survey conducted by Martin & Co.
Martin & Co surveyed 500 people in this age bracket and discovered that 43% were relying on help from their parents in buying their first home.
Meanwhile, 17% planned to remain in rented accommodation and did intend to get onto the property ladder at all.
In a separate survey of 500 homeowners, Martin & Co found that 53% of homeowners would use the equity in their home to help younger relatives get onto the property ladder.
More than a fifth (23%) of homeowners were downsizing from their current property to release equity tied up in their home.
