Parents living in the capital city appear to want their children to have the option to have London property to rent.
New research by LV= has revealed that property is the asset parents most want to be able to pass on to their children. This was narrowly followed by money.
The survey also found that 25 per cent of people in Britain do not expect to receive any financial inheritance, while 42 per cent are not banking on inheritance to help bolster their financial situation.
John Perks, managing director of Retirement Solutions at the insurance firm, said: "This research highlights a disparity between the number of Brits who are planning to leave some kind of financial asset behind for their family and those who believe there will anything left for them to inherit - this suggests that many may be pleasantly surprised."
However, he warned that it is important for people planning to leave inheritance to seek expert advice on the relevant financial products that can help, while making a will "as early as possible".
London Rental Property News
Thursday, 8 September 2011
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