Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
Having a mortgage protection insurance policy in place means that help is always at hand, should you need it. The last 12 months have been living proof that none of us know what’s around the corner. Life can change direction at the drop of a hat and our jobs and livelihoods aren’t guaranteed, making us financially vulnerable.
