Parents worried their children will be unable to afford their own home

One in 20 parents still depend on hand-outs from their own parents to help pay for their home

New research from the National Housing Federation shows that parents believe the main political parties are not doing enough to improve the housing crisis. Mums and dads are also increasingly concerned that their children will never be able to buy their own home.

Just over 80 per cent of parents in England of children 18 and under are worried about the impact of rising house prices on the next generation and more than two thirds predict that their children will not be able to buy their own home without financial help from the 'bank of mum and dad'.

Indeed, around a quarter of parents are already saving money for their children's first home, although one in 20 still depend on financial help from their own parents to help with housing costs.

The National Housing Federation predicts that by 2020 3.7 million young people will be living with parents and by 2030 house prices will be 13 times the average salary.

"We can’t let our children become the generation of lost opportunities," said National Housing Federation chief executive, David Orr. "Children are facing the ticking time bomb of being priced out of the communities where they’ve grown up, and many will face living in their childhood bedrooms well into adulthood or renting for the rest of their lives."

According to the NHF's research, three quarters of parents also feel that more attention and investment should be given to affordable housing, although 80 per cent do not think any of the main political parties will effectively deal with the issue.

Discover more property articles at Homes and Property
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Customer Services Assistant - Travel

£15500 per annum: Recruitment Genius: An exciting opportunity has arisen for a...

Recruitment Genius: Electricians - Fixed Wire Testing

£28000 - £32000 per annum: Recruitment Genius: As a result of significant cont...

Recruitment Genius: Experienced Mechanic

£17500 - £20000 per annum: Recruitment Genius: This Auto centre is based in We...

Recruitment Genius: Vehicle Technician

£20000 - £45000 per annum: Recruitment Genius: This long established dealer gr...

Day In a Page

Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate