Half of parents return rent from adult children to aid house purchase

Summarised from 2 outlets · Updated 26 Sept, 00:31 · Archive

More than half of parents who charge adult children rent return the money to help them save for a house deposit.

Over half of parents who charge their adult children rent typically receive more than £300 per month but return the money to help them save for a house deposit. Just over a third of parents say their children are living at home specifically to save enough funds to buy their first property.

How it is being reported

• More than half of parents give rent back to help children buy first homeJust over a third (34%) say their children are living at home specifically to save up enough funds to buy their first property - but 45% of parents feel like a landlord to their own childThe Mirror · 26 Sept, 00:04
• 54% of parents ‘return rent paid by adult children to help them save a deposit’Parents who charge their adult children rent typically receive more than £300 per month, Nationwide Building Society said.Evening Standard · 26 Sept, 00:01

In this story: Nationwide Building Society

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log