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First-time buyers relying on "Bank of Mum and Dad"

The proportion of first time buyers relying on either inherited money or loans from 'the bank of mum and dad' is at a record high.

By Jon Francis | Published: 27th March 2017 Business

That's according to a report by the Social Mobility Commission.

It adds that the trend looks set to continue.

It also finds the proportion of young people starting on the property ladder has fallen, with home ownership among 25-29-year-olds falling from 63% in 1990 to 31% most recently.