Eight years to save house deposit

Nearly two-thirds of aspiring homeowners will need financial support from family as they face a wait eight times longer than in the mid-1990s to get on the housing ladder, according to a survey.

It now takes an average of eight years to gather the money for a deposit compared with one year in 1995, prompting 60% of Britons to ask their parents for a financial boost, research from Barclays found.
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