Value of housing financial help received from family Britain 2016, by family member

This statistic illustrates the total value of financial assistance received from family members for the purchase of a house in Great Britain as of 2016, broken down by family member. It can be seen that the majority of financial assistance for housing was attributable to the parents at that time, with a total of almost 4.5 billion British pounds of funding coming from this source. Furthermore, the grandparents of homeowners in this category contributed a total of 395 million British pounds of financial assistance for the purchasing of a property in Great Britain at that time. Additional 474 million British pounds came from other family members, or the circle of friends.

Financial assistance received from family members for the purchase of a house in Great Britain as of 2016, by family member

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Source

Release date

May 2016

Region

United Kingdom (Great Britain)

Survey time period

February 2016

Number of respondents

1,000 respondents

Age group

18 years and older

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Statistics on "Family financial support in the UK"

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