It’s no secret that it’s tough for young adults to break into the property market. As a parent of a young adult who’d like to buy property and are unable to, you may be able to give a helping hand. But how can you do this?
We’ve listed five ways you can help in realising your kids’ dream.
Read MoreThe cost of buying a home currently takes 7.2 times the annual income of a typical household – up from 4.2 times 15 years ago. In this way, it has become challenging to save up a sizeable deposit for a home loan, especially when paying rent.
However, there is an option for first home buyers to get onto the market much sooner than expected: get a family member to act as guarantor for your home loan!
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