According to new research from estate agents Purplebricks, 43% of today’s first-time buyers (FTBs) have fully funded their own deposit. While in 2016, just under a third of FTBs fully funded their deposits.
Although more FTBs are raising the money for their deposit without outside help, the Bank of Mum and Dad is by no means obsolete. The study shows 31% of FTBs are still getting help from their parents to buy their first home.
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