Parental help highlighted

‘Figures from the Council of Mortgage Lenders have shown that 66% of first-time buyers in recent years have had parental assistance with finance when buying a property.

The figure rises to 72% in London. Overall, the CML said a typical first-time buyer is 29, puts down a 20% deposit, with parental help, and has a total household income of £34,000.

The figures also showed that the number first-time buyers in London and Scotland have hit a three-year high.

Meanwhile, a report from Key Retirement Solutions has claimed that retired homeowners over the age of 65 have more than £750bn of “property wealth” tied up in the value of their homes.’

Sources: Daily Mail, Evening Standard, The Herald

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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