Flagship measures introduced by the government to assist first-time buyers, could be pricing them out of the market, according to accounting, tax and advisory practice, Blick Rothenberg.
Denise Yau, tax manager at the firm, said: “Due to a toxic combination of rising house prices, the squeeze on wages, high rents, stricter affordability tests for mortgages and higher deposits, the ‘Bank of Mum and Dad’ has become more important than ever to help first-time buyers get a foot on the property ladder.
“In fact, some reports indicate that nearly three in five under 35s now need assistance from their p...
