Are first-time buyers weaning themselves off Bank of Mum and Dad? Number funding their own deposits rockets aided by the pandemic
Thanks to the pandemic, 43% of first-time buyers are now paying their own mortgage deposit in full compared to 29% in 2016, according to Purplebricks
Home working and bans on pubs and holidays have allowed them to save
Meanwhile, parents are keen to spend extra cash on a well-earned break
Could this mark a shift where people in their twenties and thirties rely less on their parents to help them buy a home?