Editor's note: This brief was summarised by The Property AI Newsroom from a report by The Negotiator. Read the original article for full details.
Survey Finds Parents Typically Give £11,000 to Help Children Buy Homes
A recent survey has found that children typically receive £11,241 from their parents to help with purchasing a home. The survey, conducted by the savings app Spring, included 2,001 adults and revealed that a quarter of respondents received financial support from their parents.
The findings show that the level of parental support varies. While a third of those who received help were given between £1,000 and £4,999, 18% received between £5,000 and £9,999. Around 16% reported receiving between £10,000 and £24,999, and almost 9% said they were given between £30,000 and £50,000. A small proportion, about 0.3%, received £50,000 or more.
The report highlights the significant role of parental assistance in helping children onto the property ladder. The data also references earlier research by Savills, which found that more than half of first-time buyers rely on support from family, whether through gifts, loans, or inheritance. According to Savills, gifts and loans from family members totalled £8.3 billion in 2025, rising to £11 billion when inheritance is included.
For UK letting agents and inventory clerks, these findings underline the ongoing importance of family support in the property market, particularly for first-time buyers. The prevalence of parental contributions may influence the types of tenants entering the rental market and the speed at which some renters transition to home ownership.
Source: The Negotiator