The research also underlined some stark regional first time buyer differences with just over a quarter (27%) in Yorkshire receiving support from their parents compared to 57% in the South West.
The news follows figures from the government that its Help to Buy scheme has now helped 88,420 people buy a new home since it was created.
Since the launch of the Help to Buy equity loan and mortgage guarantee schemes, 80% of scheme completions have been made by first-time buyers and the average house price was £185,000, significantly below the national average.
With almost all completions outside London, the highest number of homes have been through the mortgage guarantee scheme in the North West region. The equity loan – a scheme for new build properties – is particularly high in the South East.
Figures for the mortgage guarantee scheme also show completions have been least concentrated in regions where house price growth is highest. In London the scheme makes up just 1.3 % of all mortgage lending compared to an average of 3% across the country.
Steve Fletcher, Head of Clydesdale and Yorkshire Banks Retail Network, said:
“It has been very encouraging to see the recovery of the property market with lending to first time buyers at the highest level for seven years.
“It is also positive that the number of first time buyers relying on the Bank of Mum and Dad to get on the property ladder has decreased significantly. This reflects the increased availability of first time buyer mortgages with a low deposit as well as growing economic confidence particularly among housebuyers.
“Clydesdale and Yorkshire Banks were one of only a handful of lenders which continued to provide a range of mortgages for first time buyers with a 5% deposit during the economic downturn and the Banks continue to support this market.”
Chancellor of the Exchequer George Osborne said:
"It’s great news that the government’s Help to Buy scheme has now helped almost 90,000 people across the country achieve their dream of buying a new or bigger home."
Home Builders Federation Executive Chairman, Stewart Baseley said:
"Help to Buy has helped tens of thousands of people onto the housing ladder who otherwise would have struggled to meet their ambition of home ownership. First time buyers in particular are taking advantage and the scheme is helping people in every part of the country. The resultant rise in demand is allowing builders to increase much needed house building levels. This is turn is creating tens of thousands of jobs and boosting local economies the length and breadth of the country."
