As a result, he suggested that parents, who have seen the value of their homes increase in the recent market boom, should use their gains to help their offspring.
"Most of the young people we see need a lot of help to get a mortgage and we as parents have benefited from the rise in property values over the years, so it is up to us to help them," Jackson said. He suggested that parents could act as guarantors for their children's mortgage or even borrow against the increased value of their own home to raise money for a deposit.
