- Title
- Housing and intergenerational relations: Family support and the mixed economy of housing in the UK
- Creator
- Rowlingson, Karen; Overton, Louise; Cook, Julia
- Publisher Link
- http://dx.doi.org/10.4324/9781003092117-3
- Publisher
- Routledge
- Resource Type
- book chapter
- Date
- 2022
- Description
- Turning to the UK, this chapter presents recent data on the changing role of family support for homeownership, particularly for a growing share on the ‘edges of homeownership’. New survey findings are presented on the extent of, and attitudes towards, family support in relation to housing. Comparisons with previous studies provide a look at crucial changes over time. Younger generations, facing difficulties in gaining a foot on the housing ladder, are increasingly turning to the ‘Bank of Mum and Dad’ (or indeed of grandparents). Intra-family support is not limited to help with becoming a homeowner but is increasingly crucial towards remaining in owner-occupation through financial transfers for mortgage payments or in reducing mortgage arrears. In the event of an exit from homeownership due to relationship change or financial difficulties, families again play a key role through free or cheap accommodation. Family support for rent payments may further be seen as a strategy for a future entry or return to owner-occupation.
- Subject
- housing crisis; rental accommodation; welfare; housing outcomes
- Identifier
- http://hdl.handle.net/${Handle}
- Identifier
- uon:49643
- Identifier
- ISBN:9780367551308
- Language
- eng
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