84% of first time buyers are relying on financial support from their parents, according to research from Clydesdale and Yorkshire Banks.

In 2005, the figure was 38%, meaning it has more than doubled in six years.

Also, the research found that 47% of properties bought by first time buyers have been purchased with a joint income.

Steve Reid, retail director for Clydesdale Bank, said: “It is becoming increasingly commonplace for first time buyers to require financial help from their parents when buying their first home.