Getting on the property ladder can seem like an impossible feat for most young people. So when we hear of friends or family who have put down that elusive deposit, we’re often left wondering: how did they do it? And often it’s safe to assume that they’ve had to reach out to the ‘bank of mum and dad’.

So it’s interesting to see the results of new research confirming how many new home owners are lucky enough to have received a boost from their parents in several different ways.

HSBC’s Beyond the Bricks report on millennial homeowners shows that of the 31% who own homes in the UK, 35% received parental help.

It also confirmed that as well as help with a deposit, parents had enabled young home owners in other ways: 27% had borrowed money from family further down the line when they discovered they’d gone over budget, and a further 27% had moved back in with their parents in order to save for a deposit in the first place (a chunk above the average of 20% across the nine countries represented in the survey).

The report is are based on 9,000 respondents across nine countries.

This is how millennials are getting on the property ladder