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Sons Receive Substantially More Parental Support for Home Deposits Than Daughters

New research highlights a gender disparity in financial assistance from parents, with sons getting £13,000 more on average.

  • Sons receive an average of £65,004 from parents for home deposits, while daughters get £51,671.
  • Parental support accelerates home purchases by six years for recipients compared to those without help.
  • Higher education and wedding costs for daughters may contribute to the financial disparity.
  • Nearly 80% of first-time buyers in London had parental assistance, with some parents even selling homes to provide support.
  • Parental interference in the home-buying process is common, with half of recipients experiencing it.
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