The bank of mum and dad does not just help with house purchases, it is increasingly needed to help with rent payments too.
Research by Legal & General and the Centre for Economics and Business Research shows parents will be responsible for paying £2.3bn of rent this year, in addition to the £6.5bn they are expected to pay in deposits and mortgage repayments.
A tenth of renters also got help to pay for security deposits, moving costs and letting fees.
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