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PARENTS PAY UP FOR KIDS
EIGHT out of 10 first-time buyers rely on cash from their parents for a deposit on a house.
A study out yesterday, as the Bank of England kept interest rates at 0.5%, found a record number of under-30s cannot raise the cash on their own.
The average first-time buyer put down a deposit of almost £32,000 during May, just below the current average annual salary of £32,840.
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