PROINSTALLER.CO.UK
THE VOICE OF THE TRADE
ISSUE 55
OCTOBER 2017
FREE
04 Tradespeople are the healthiest 08 Starting your own
installation business? 36 Colour helps 44 Death knell for
You could be fitter than a
personal trainer. Powered Now shows you
the perks and the pitfalls. Bright options for doors,
windows and roofline. Petrol and diesel vans are
on the road to nowhere.
installers upsell
traditional fuel
HOMEOWNERS RELY ON
BANK OF MUM AND DAD
Research from Plentif-
ic.com, an online home ser-
vice marketplace, has found
that financial help from the
Bank of Mum and Dad isn’t
just limited to purchasing
a property, it also extends
to improving the home. A
fifth of homeowners (18%)
say they rely on the Bank
of Mum and Dad to help
finance home improve-
ments, while 19% admit that
their parents physically help
them to carry out DIY.
In the past, owning your
own home as a young adult
wasn’t the struggle it ap-
pears to be nowadays. Many
older parents will remember
a time when they could buy
a family home for a realistic
sum that was relative to lo-
cal salaries, at least in com-
parison to today’s standards.
Plentific’s findings show
that 26% of homebuyers
across the UK now receive
financial aid from the Bank
of Mum and Dad when
purchasing a property. This
number increases dramat-
ically amongst younger
homeowners, with 58% of
respondents under 34 ad-
mitting to receiving financial
help from their parents.
Unsurprisingly, London
ranked top of the table
(59%) when it comes to re-
ceiving financial help from
the Bank of Mum and Dad
when buying a property.
With prices increasing in
the capital, it may seem
sensible to buy a more
affordable property that
needs fixing up. However,
48% of London homeown-
ers admit they have also
received financial aid from
their parents to pay for a
renovation project or home
improvements.
Belfast came in second
highest for homeowners
receiving financial help
ments, London (48%), Liv-
erpool (31%) and Brighton
(17%) topped the table. The
top locations for homeown-
ers who received physical
help with DIY from their
parents were London (29%),
Bristol (26%) and Sheffield
(22%).
the number is
‘ quite
alarming ’
from parents when buying
a property at 30%, with
Brighton and Glasgow
occupying the bottom spot
with just 12%. Homebuy-
ers in Birmingham (16%),
Southampton (18%) and
Nottingham (19%) were the
next lowest in the rankings,
while those in Manchester
(22%), Leeds (23%) and
Bristol (25%) sat at the high-
er end of the table.
When looking at par-
ents that provide financial
support for home improve-
NEW LOW PRICE 10
Stephen Jury, spokesper-
son for Plentific, said: “Our
statistics really highlight the
struggles young people face
when buying or renovating
a property. Whilst buying a
cheaper property that needs
work may seem like a good
option, the number of young
people receiving financial
and physical help from their
parents with renovations
projects is quite alarming.”
Plentific.com
ORDER TO DELIVERY FROM A FAST
Working Days
Lead Time *
NOW ONLY
£345
*
£
GET A PRICE
COMPARISON
TODAY
Be
per leaf
choose Made for Trade
Aluminium
Bi-Fold Doors
Including
delivery
Email: [email protected]
Call: 01642 610799
Fax: 01642 671026
www.madefortrade.co
* Per leaf price is unglazed and may vary depending on size and specification of the door. Lead time is based on a standard colour.
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