PARENTS are far more likely to help their daughters get on to the property ladder

Girls receive an average of 72 per cent more financial help from their parents than boys when it comes to buying their first home, according to the Co-operative Bank receiving an average of £7,240 towards getting on to the property ladder.

Overall, 61 per cent of daughters were given money towards their deposit, compared with 44 per cent of sons. Parental bias towards helping girls get on to the property ladder does not stop with financial assistance, with 31 per cent of people insisting on approving the area their daughter wanted to buy in, compared with fewer than two out of ten parents of sons.

Across both sexes, just under half of people who had help from their parents in buying a home were given money towards a deposit, 46 per cent had help buying furniture, and 21 per cent were given money towards financing DIY projects.

Nearly three-quarters of first-time buyers said they thought it would have taken them at least two years more to buy their own property without help from their parents, while others thought it would have taken at least an extra five years.

Four-fifths of parents who helped their children get on to the property ladder did not expect to be paid back, although 10 per cent expected the money to be repaid in full and 2 per cent even wanted a share in any profits made through the property purchase.

Author: Grace Sinclair

Girls receive an average of 72 per cent more financial help from their parents than boys when it comes to buying their first home.

Published on 17/4/2006.

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