Bank of Mum and Dad giving first-time homebuyers an average of £19k to get on the property ladder
helping to fund one in every two house purchases among the under-35s.Legal & General said 56 per cent of first-time buyers under the age of 35 had received financial support from parents to help them get on to the property ladder.The research found that nearly three-quarters (71%) of these new home-owners would not have been likely to buy without financial help from family or friends.Instead, they would have had to delay their housing plans by four years on average.Legal & General chief executive Nigel Wilson said: "The Bank of Mum and Dad's role in Britain's housing market is ubiquitous.