“Millennials will spend £53,000 on rent before age of 30”
…according to a new report by the Resolution foundation. See also some interesting comment on declining home ownership and living standards for the young from the Guardian. The Resolution Foundation has referred to stagnation generation and raised concerns that millennials will earn less than previous generations. See its new website the Intergenerational Commission which is […]
Bank of Mum and Dad fund 25% of Mortgages
According to the latest research report from Legal and General and Centre for Economics and Business research (CEBR) in 2016 the high cost of housing means that 25% of all mortgage transactions involve parents with an average of over £17,00 being given. This follows on from previous CEBR research which showed an increasing dependence on […]
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