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Wealthy parents have been able to step in and are playing an increasing role in property transactions.
Around 30 per cent of homebuyers received assistance from the so-called Bank of Mum and Dad last year, according to UK Finance data.
This is helping buyers get on the property ladder earlier.
Nationally, first-time buyers who receive assistance are able to buy a home at an average age of just over 30.
In contrast, those purchasing without support tend to be older – over 32 years old.
The assistance also means buyers can purchase higher priced properties.
Here is how much it could cost to help your child onto the property ladder across difference regions.
The cost of being the Bank of Mum and Dad
Research by UK Finance shows the average unassisted first-time buyer deposit to buy a property last year was £60,741.
But the figure almost doubles for those with assistance, at £118,073.
The higher deposit also means parents can help their loved ones purchase more expensive homes.
Assisted first-time buyers were last year able to purchase a property worth £317,846 on average compared with £279,381 for those without support.
There are regional variations but the difference in deposit amounts is most pronounced in London. In 2024, a first-time buyer purchasing in the capital without support typically put down a deposit of almost £150,000. However, for those receiving family assistance, the average deposit was just under £225,000.
This helped them purchase properties in London worth £546,972 compared with £519,880.
London, perhaps unsurprisingly, was the most expensive part of the country to support a first-time buyer with a deposit.
In contrast, parents in the north only had to support deposits worth £66,176 on average.
(Image credit: UK FInance)
James Tatch, UK Finance’s head of analytics, said: “First-time buyers are essential to the UK housing market, helping to unlock transactions further up the chain and maintain overall liquidity.
“While the majority of first-time buyers are still managing to purchase without help, the growing reliance on family support risks deepening inequality in the housing market. A balanced approach which addresses both supply and affordability issues is essential to ensure the door to homeownership remains open to all.”
Toby Leek, president of estate agency trade body NAEA Propertymark, said these figures demonstrate that there is still much work to be done to help first-time buyers get onto the property ladder.
He said: “For many people under the age of 30, homeownership is not a realistic aspiration without financial support from parents.
“With interest rates higher than many people are used to and the average deposit needed to purchase a home now sitting around £50,000, it is imperative that further support is available and all governments across the UK fulfil their housing targets to help even out demand and supply levels in the long-term.”
Erik and Lyle MenendezMIKE NELSON/AFP via Getty Images
Erik Menéndez and Lyle Menéndez‘s murder case has played out in the public for over three decades from two high-profile trials to a life sentence — and now a renewed chance at freedom.
After their parents, José and Kitty Menéndez, were found dead in 1989, Erik and Lyle became the prime suspects. The brothers were both arrested in 1990 on two counts of first-degree murder. Two subsequent trials resulted in Erik and Lyle’s conviction and a life sentence without the possibility of parole. Erik and Lyle, meanwhile, have maintained that their mother and father were physically, emotionally and sexually abusive and that their actions were that of self-defense.
The Menéndez brothers remained behind bars as their case continued to be referenced in episodes of Law & Order, The Fresh Prince of Bel-Air and The Sopranos. Erik and Lyle were also cited several times on the FX drama The People v. O. J. Simpson: American Crime Story in 2016, which Ryan Murphy executive produced.
Murphy officially explored the Menéndez story in September 2024 with his Monsters series. Nicholas Alexander Chavez brought Lyle to life while Erik was played by Cooper Koch. José and Kitty, meanwhile, were portrayed by Javier Bardem and Chloë Sevigny, respectively.
Netflix’s Monsters: The Lyle and Erik Menéndez Story worked hard to make sure the cast resembled their real-life counterparts. The 10-episode limited series, which will be released on September 19, follows Lyle and Erik Menéndez, who were convicted for the 1989 murder of their parents. The siblings confessed to the crime and claimed they killed […]
The executive producer has since pointed out how his show created renewed interest in Erik and Lyle — despite their disapproval over how they were portrayed.
“They are now being talked about by millions of people all over the world. There’s a documentary coming out in two weeks about them, also on Netflix. And I think the interesting thing about it is it’s asking people to answer the questions, ‘Should they get a new trial? Should they be let out of jail? What happens in our society? Should people be locked away for life? Is there no chance ever at rehabilitation?’” he told Variety in September 2024. “I’m interested in that, and a lot of people are talking about it. We’re asking really difficult questions, and it’s giving these brothers another trial in the court of public opinion. From what I can tell, it’s really opened up the possibility that this evidence that they claim that they have, maybe that there is going to be a way forward for them.”
Erik and Lyle were granted a new hearing for their case one month later after the Los Angeles District Attorney’s office cited new evidence indicating that their father allegedly molested them. The Los Angeles District Attorney’s office recommended in October 2024 that Erik and Lyle’s sentence be reduced. They were resentenced to 50 years in May 2025, which makes them eligible for parole in the future.
Keep scrolling for a complete timeline of events in Erik and Lyle’s case, from the initial arrest to their new chance of being released from prison:
1989
José and Kitty were found dead at their Beverly Hills home in 1989. After Lyle called the police, authorities discovered José was shot six times and Kitty was shot 10 times. Lyle and Erik weren’t initially named persons of interest, as the police pursued other avenues including a potential Mafia hit.
Erik Menéndez and Lyle Menéndez‘s legal issues resulted in two high-profile trials — but where are the key players from their murder case now? The Menéndez brothers’ parents, José and Kitty Menéndez, were found dead at their Beverly Hills home in 1989. After Lyle called the police, they discovered José was shot six times and […]
1990
Erik and Lyle MenendezTed Soqui/Sygma via Getty Images
In the months after their parents’ deaths, Erik and Lyle confessed to the murders to their therapist, Jerome Oziel. Oziel recorded their conversations, where they discussed the crimes, and the siblings were later arrested after the authorities were tipped off about the tapes.
At the time of the murder and brothers’ confessions, Oziel was having an affair with Judalon Smyth. Oziel told his mistress about the sessions with the Menéndez brothers. Smyth was the one to report what she knew to the police after Oziel ended their relationship. (Oziel subsequently lost his license to practice in 1997 for violating patient confidentiality and after being accused of having sex with female patients, according to the Los Angeles Times.)
Oziel told Bustle in 2017 that claims of his professional impropriety were “flatly and completely false.”
Lyle and Erik were arrested in 1990 on two counts of first-degree murder each.
1992
Erik and Lyle MenendezVINCE BUCCI/AFP via Getty Images
It took years before a trial was set due to the tapes potentially violating doctor-patient confidentiality. After much litigation, Judge James Albrecht subsequently ruled that tapes of the conversations between Erik and Oziel were admissible evidence since Oziel claimed Lyle threatened him, which violated his privilege as a patient.
The ruling was appealed, leading to a two-year delay in legal proceedings. The Supreme Court of California ruled in 1992 that most of the tapes were admissible except one, in which Erik discussed the murders. A Los Angeles County grand jury ultimately issued indictments later that year that charged the brothers with the murders of their parents.
1993
Erik and Lyle were initially tried separately as they alleged that years of physical, emotional and sexual abuse caused them to shoot their mother and father. The case ended in a mistrial after the jury was unable to reach a unanimous decision.
Erik and Lyle Menéndez‘s murder case was thrust back into the spotlight with Ryan Murphy‘s Monsters — and now they could walk free after years behind bars. The Menéndez brothers’ parents, José and Kitty Menéndez, were found dead at their Beverly Hills home in 1989. After Lyle called the police, they discovered José was shot […]
1995
Erik and Lyle MenendezKIM KULISH/AFP via Getty Images
When the retrial began, most of the evidence surrounding the abuse couldn’t be used as a defense. Erik and Lyle — who were tried together — were ultimately found guilty of first-degree murder.
“Lyle was definitely closer to getting the death penalty than Erik and many jurors made speeches such as Bruce Seitz, both in favor of Lyle and against him. After the case, when I spoke with the juror who had the heart attack, we discussed the death penalty,” former juror Lesley Hillings recalled in an interview with reporter Mary Jane Stevenson. “I explained to her some of the judge’s instructions and what we could and could not consider, and she then questioned whether or not she too would have been able to vote for the death penalty under those circumstances.”
Erik and Lyle appealed the decision several times. The California Court of Appeal upheld Lyle and Erik’s murder convictions in 1998 and the Supreme Court of California declined to review the case later that same year. Both Menendez brothers filed habeas corpus petitions with the Supreme Court of California in 1999, which were also denied.
2000s
Erik and Lyle MenendezKypros/Getty Images
Both Menéndez brothers filed habeas corpus petitions with the United States District Court that were ultimately denied in 2003. Erik and Lyle’s defense team decided to appeal to the United States Court of Appeals for the Ninth Circuit, which resulted in another denial in 2005.
Amid their attempts to get a new trial, Erik and Lyle were transferred to different prisons following their sentencing. Lyle was taken to Mule Creek State Prison while Erik moved around from Folsom State Prison to Pleasant Valley State Prison. The brothers reunited in 2018, when they were moved into the same housing unit at Richard J. Donovan Correctional Facility — their first reunion since they began serving their sentences nearly two decades prior.
2023
CDCR/MEGA
Peacock released a docuseries in 2023 titledMenéndez + Menudo: Boys Betrayed, where singer Roy Rosselló alleged he was drugged and raped when he was a teen by Erik and Lyle’s father, José. The accusations from the former Menudo band member was included in a petition filed with Los Angeles County Superior Court.
The court documents requested a retrial while citing new evidence in the case, such as Rosselló’s allegations against José and a newly discovered letter Erik wrote to his cousin Andy Cano describing his father’s alleged sexual abuse months before the murders.
“Nobody had looked at [the cousin’s personal] effects until 2015, and that’s when it was found, 10 years after our last appeal,” Erik and Lyle’s post-conviction attorney Mark Geragos said in a statement to People in September. “We’re saying the second trial did not comport with constitutional protections for a variety of reasons. And a Habeas [Corpus petition] has new evidence. It requires new evidence because this case had basically been moribund for close to 17 years.”
Ted Soqui/Sygma via Getty Images Erik Menéndez and Lyle Menéndez both found partners while serving out their individual life sentences following a high-profile murder case. The Menéndez brothers were arrested in 1990 on two counts of first-degree murder after their parents — José and Kitty — were found shot to death in their home. Two […]
2024
(L to R) Nicholas Chavez as Lyle Menendez, Cooper Koch as Erik Menendez.Miles Crist/Netflix
Season 2 of the hit Netflix series Monsters debuted in September and chronicled Lyle (Chavez) and Erik’s (Koch) lives before, during and after the murder of their parents. Episodes 4 and 5 received critical acclaim and fan praise for introducing Erik and Lyle’s abuse claims against their parents, but the rest of the season came under fire for several inaccuracies.
“I believed we had moved beyond the lies and ruinous character portrayals of Lyle, creating a caricature of Lyle rooted in horrible and blatant likes rampant in the show,” read a statement from Erik that was shared via Lyle’s Facebook page. “I can only believe they were done so on purpose. It is with a heavy heart that I say, I believe Ryan Murphy cannot be this naive and inaccurate about the facts of our lives so as to do this without bad intent.”
Murphy, however, stood by his decision not to pick a side on screen. Less than one week after Monsters was released, Netflix announced that Lyle and Erik were interviewed forThe Menéndez Brothers documentary. The October 2024 release includes footage from conversations with juror Betty Oldfield, Kitty’s sister Joan Vander Molen and prosecutor Pamela Bozanich.
The brothers also received public support from Koch and prison reform activist Kim Kardashian, who visited the pair in prison and wrote a personal essay for NBC Newsadvocating for their release. They were resentenced in May 2025 to 50 years and could be released from prison after going through the parole board.
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