At least 32 % of homeowners looking to purchase their second home have to rely on assistance from family and friends , according to a Deutsche Bank Second Steppers report . Almost half of second steppers (47%) believe that their parents have had to make sacrifices to help them move up the property ladder and almost a quarter (23%) have put off having kids of their own until they have sold their first home. It found second steps had to find an average of £ 21,231 in financial support , with 40 % having recourse to borrowing from parents , 9 % turning to relatives and 7 % asking friends for help . " Without this extra financial support , second steppers realise that they would n’t be able to make the next move on the property ladder for some time , " said Andy Mason , mortgage director at Lloyds Bank .
At least 32 % of homeowners looking to purchase their second home have to rely on assistance from family and friends , according to a Deutsche Bank Second Steppers report . It found second steps had to find an average of £ 21,231 in financial support , with 40 % having recourse to borrowing from parents , 9 % turning to relatives and 7 % asking friends for help . " Without this extra financial support , second steppers realise that they would n’t be able to make the next move on the property ladder for some time , " said Andy Mason , mortgage director at Lloyds Bank .