Step up: Helping family to buy

Getting a foot on the property ladder

Is the property ladder out of reach?

Sky high house prices, slow wage growth, student loans and rising rent costs mean that getting on the property ladder is challenging. But the desire to own a home remains strong for many young adults.

Now, the affectionately known ‘bank of mum and dad’ (or bank of other family members) lends or gives money for deposits and other house purchase costs.

Family matters

Family are often the first ones to turn to for support with parents and grandparents playing an increasingly critical role. 

Lending or gifting money to family doesn’t come without challenges. If you’re looking at helping a family member or loved one onto the property ladder, these pages will talk you through some of the key points. If you’re looking to get onto the property ladder yourself, maybe with the help of family, read on to see some of the things you’ll all need to think about.



Helping you help them

It can be tricky knowing where to start. So, we’ve put together a list of things you might want to know about: 

  • from getting up to speed on the property market
  • to how helping out affects you
  • as well as how you can help if you haven’t got money to contribute towards a deposit.
Home deposit calculator

Home deposit calculator

It can take years to save up for that first home. Take a look at our home deposit calculator to work out how much you, your loved ones or both need to save on a regular basis to achieve their goal.

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