Parents could extend to accommodate adult kids
The number of people having to extend their property to accommodate their adult children may be set to increase if recent figures are anything to go by.
While some may choose to build a conservatory, others might decide on a loft extension, but with a third of over-50s having their kids return to the family nest, space might be an issue.
Statistics from Saga show three in four parents are happy to have their offspring return home, while less than a third (27 per cent) have asked for financial assistance from those living with them.
Commenting, Metropolitan Home Ownership managing director Graeme Moran stated some young people may be forced to return to their mum and dads house for financial reasons.
He stated it could be beneficial in helping to "repair any incomplete credit history, while saving up enough money to put down a deposit on a property".
Mr Moran added some could be worried about their job security and decide to move back to protect themselves.