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A survey by Nationwide Building Society found that parents in London charge their children an average monthly rent of £414.97, significantly higher than the UK average of £1,459 per month in private markets and more than twice what parents charge in Yorkshire and the Humber (£187.08). The survey highlights how some parents use these payments as a way to support their children’s homeownership ambitions by returning or waiving rent, while also noting that not all first-time buyers benefit from such family assistance.
Written locally by qwen2.5:14b on 2026-09-26,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Parents in London charge their children living at home an average of £227.89 more per month than those in Yorkshire and the Humber, making it the highest rental rate among UK regions according to a Nationwide Building Society survey of over 2,000 participants. The survey reveals that London parents typically charge about £414.97 monthly, while Yorkshire and the Humber have the lowest at £187.08. This is consistent with private market trends where London rents average £2,302 per month, a 2.2% increase from last year, compared to the UK's average of £1,459 monthly rent.
Written for “London Parental Rent Charges” on 2026-10-05,
grounded in this article and the 1 other(s) covering the same event.
The parents of children living at home in London charge more than any others in the UK, according to a recent survey.
uncertain
parents → live → survey
Commissioned by Nationwide Building Society, the survey of more than 2,000 participants revealed that London-based parents charge an average of £227.89 (2.2 times) a month more than those in Yorkshire and the Humber, where they charge the least.
asserted
they → commission → least
Here’s the full list of rents per month
London, £414.97
Northern Ireland, £397.39
East of England, £386.34
Wales, £319.95
North East, £268.73
South East, £268.10
Scotland, £260.56
South West, £256.19
West Midlands, £239.89
North West, £230.25
East Midlands, £211.40
Yorkshire and the Humber, £187.08
But the high London rent prices charged by parents are hardly surprising when in the private market they are th most expensive.
asserted
they → ’ → market
According to the latest Office of National Statistics (ONS) data, London has seen a 2.2 per cent rent hike over the past year, bumping up to an average of £2,302 per month from £2,252 last year.
uncertain
London → accord → 2,252
While the Nationwide survey revealed that some parents can be surprisingly shrewd when it comes to rent pricing, more than half of parents also said they return some or all of the rent paid by their children to support their homeownership ambitions.
asserted
they → reveal → ambitions
More than two-fifths of parents also said they have waived rent payments for their child once in the past year, while more than half said they have let children off rent payments between two and six times in the past 12 months.
asserted
they → say → months
Carlo Pileggi, Nationwide’s head of mortgage products, said: “Behind many first-time buyer success stories are parents quietly helping along the way and it appears they are using new tactics to support their children.
“
asserted
they → say → children
As saving for a home remains as challenging as ever, our research shows many of Britain’s parents are using rent payments as a way to help their children build a deposit, turning the family home and time spent living at home into a stepping stone towards homeownership.
asserted
children → save → homeownership
“However, the findings also serve as a reminder that many aspiring first-time buyers do not have access to family support and continue to face significant challenges in saving for a deposit.”
asserted
buyers → serve → deposit