As a parent, you’ve worked your entire life to build a comfortable life for yourself and your family. But as your children grow up, you may start to think about how you can help them achieve their own dreams and goals – one of which could be purchasing property.
Recent stats reveal that mortgage repayments can consume up to a third of one’s salary. In addition, property prices are constantly on the rise, and saving for a deposit can be difficult for young adults. As a result, many parents are stepping in to assist their children in purchasing property.
Helping your child acquire their first property can be a rewarding experience for both you and your child. That’s because, in addition to providing your child with a solid financial foundation for their future, you’ll also be helping them create a home and build memories that they can cherish for years to come.
Providing your child with the keys to their financial future means more than just giving them a financial boost. It is also about imparting valuable lessons and knowledge about purchasing property that your children can carry with them throughout their lives.